Post Utme Christopher University 2019 Commerce Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2019 Commerce Objective / Multiple Choice
Question 38 POST_UTME_CHRISTOPHER_UNIVERSITY • 2019 • COMMERCE • objective

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

Answer Options

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

About This Question

This is Post Utme Christopher University 2019 Commerce Question 38. It is one of the objective questions from the 2019 Post Utme Christopher University Commerce examination.

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