Post Utme Bells University 2020 Economics Question 2

Practice objective / multiple choice question 2 from the 2020 Post Utme Bells University Economics examination.

Post Utme Bells University 2020 Economics Objective / Multiple Choice
Question 2 POST_UTME_BELLS_UNIVERSITY • 2020 • ECONOMICS • objective

A country's balance of payments account shows a trade deficit of $100 million. If the country's exchange rate is fixed at 1 USD = 100 Naira, what is the equivalent trade deficit in Naira?

Answer Options

A. ₦10,000,000
Correct Answer B. ₦100,000,000
C. ₦1,000,000,000
D. ₦10,000,000,000
Correct Answer
B
Correct Option:
₦100,000,000

About This Question

This is Post Utme Bells University 2020 Economics Question 2. It is one of the objective questions from the 2020 Post Utme Bells University Economics examination.

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