Post Utme Covenant University 2018 Economics Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2018 Economics Objective / Multiple Choice
Question 7 POST_UTME_COVENANT_UNIVERSITY • 2018 • ECONOMICS • objective

A country's balance of payments account shows a trade deficit of $100 million. If the country's exchange rate is currently 1 USD = 1.5 NGN, what is the equivalent trade deficit in Nigerian naira?

Answer Options

Correct Answer A. ₦150,000,000
B. ₦200,000,000
C. ₦250,000,000
D. ₦300,000,000
Correct Answer
A
Correct Option:
₦150,000,000

About This Question

This is Post Utme Covenant University 2018 Economics Question 7. It is one of the objective questions from the 2018 Post Utme Covenant University Economics examination.

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