Post Utme Afe Babalola University 2022 Commerce Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2022 Commerce Objective / Multiple Choice
Question 19 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2022 • COMMERCE • objective

A country's trade balance is given by the equation TB = X - M, where X is the value of exports and M is the value of imports. If the value of exports is ₦100 billion and the value of imports is ₦120 billion, what is the trade balance?

Answer Options

A. ₦20 billion surplus
Correct Answer B. ₦20 billion deficit
C. ₦40 billion surplus
D. ₦40 billion deficit
Correct Answer
B
Correct Option:
₦20 billion deficit

About This Question

This is Post Utme Afe Babalola University 2022 Commerce Question 19. It is one of the objective questions from the 2022 Post Utme Afe Babalola University Commerce examination.

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