Post Utme Covenant University 2021 Commerce Question 3

Practice objective / multiple choice question 3 from the 2021 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2021 Commerce Objective / Multiple Choice
Question 3 POST_UTME_COVENANT_UNIVERSITY • 2021 • COMMERCE • objective

A foreign trade agreement between two countries involves the exchange of 1000 units of Product A for 1200 units of Product B. If the exchange rate is 1:1.2, and the value of Product A is ₦100 per unit, what is the total value of the trade in naira?

Answer Options

A. ₦120,000
B. ₦150,000
Correct Answer C. ₦180,000
D. ₦200,000
Correct Answer
C
Correct Option:
₦180,000

About This Question

This is Post Utme Covenant University 2021 Commerce Question 3. It is one of the objective questions from the 2021 Post Utme Covenant University Commerce examination.

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