Post Utme Afe Babalola University 2023 Commerce Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2023 Commerce Objective / Multiple Choice
Question 3 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2023 • COMMERCE • objective

A foreign trade agreement between two countries involves the exchange of goods worth 100 million. If the exchange rate is 1 USD = 500 Naira, what is the equivalent value of the goods in Naira?

Answer Options

A. ₦50 billion
B. ₦75 billion
Correct Answer C. ₦100 billion
D. ₦125 billion
Correct Answer
C
Correct Option:
₦100 billion

About This Question

This is Post Utme Afe Babalola University 2023 Commerce Question 3. It is one of the objective questions from the 2023 Post Utme Afe Babalola University Commerce examination.

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