Post Utme Covenant University 2023 Economics Question 11

Practice objective / multiple choice question 11 from the 2023 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2023 Economics Objective / Multiple Choice
Question 11 POST_UTME_COVENANT_UNIVERSITY • 2023 • ECONOMICS • objective

Consider a country with a trade deficit of ₦100 billion and a current account deficit of ₦50 billion. If the country's exchange rate is ₦200 per US dollar, what is the value of the trade deficit in US dollars?

Answer Options

A. ₦500 million
B. ₦1 billion
C. ₦2 billion
Correct Answer D. ₦5 billion
Correct Answer
D
Correct Option:
₦5 billion

About This Question

This is Post Utme Covenant University 2023 Economics Question 11. It is one of the objective questions from the 2023 Post Utme Covenant University Economics examination.

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