Post Utme Babcock University 2017 Commerce Question 5

Practice objective / multiple choice question 5 from the 2017 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2017 Commerce Objective / Multiple Choice
Question 5 POST_UTME_BABCOCK_UNIVERSITY • 2017 • COMMERCE • objective

A country's trade balance is given by TB = X - M, where X is the value of exports and M is the value of imports. If the country's exports and imports are 100 billion and 120 billion respectively, the trade balance will be

Answer Options

Correct Answer A. -20 billion
B. 20 billion
C. -10 billion
D. 10 billion
Correct Answer
A
Correct Option:
-20 billion

About This Question

This is Post Utme Babcock University 2017 Commerce Question 5. It is one of the objective questions from the 2017 Post Utme Babcock University Commerce examination.

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