Post Utme Christopher University 2023 Economics Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2023 Economics Objective / Multiple Choice
Question 29 POST_UTME_CHRISTOPHER_UNIVERSITY • 2023 • ECONOMICS • objective

Consider a small open economy with a trade balance of $10 million and a current account surplus of $20 million. If the exchange rate is 1 USD = 100 Naira, what is the value of the trade balance in Naira?

Answer Options

A. ₦1,000,000
B. ₦2,000,000
Correct Answer C. ₦10,000,000
D. ₦20,000,000
Correct Answer
C
Correct Option:
₦10,000,000

About This Question

This is Post Utme Christopher University 2023 Economics Question 29. It is one of the objective questions from the 2023 Post Utme Christopher University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support