Post Utme Coal City University 2017 Commerce Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2017 Commerce Objective / Multiple Choice
Question 12 POST_UTME_COAL_CITY_UNIVERSITY • 2017 • COMMERCE • objective

A foreign trade agreement between Nigeria and the United States involves the export of 10,000 units of Nigerian-made textiles to the US. If each unit costs ₦5,000, calculate the total value of the export in US dollars, given the exchange rate of 1 USD = 425 NGN.

Answer Options

Correct Answer A. ₦50,000,000
B. ₦60,000,000
C. ₦70,000,000
D. ₦80,000,000
Correct Answer
A
Correct Option:
₦50,000,000

About This Question

This is Post Utme Coal City University 2017 Commerce Question 12. It is one of the objective questions from the 2017 Post Utme Coal City University Commerce 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