Post Utme Crawford University 2017 Commerce Question 17
Practice objective / multiple choice question 17 from the 2017 Post Utme Crawford University Commerce examination.
A foreign trade agreement between Nigeria and a foreign country involves the exchange of goods worth ₦1,000,000. If the exchange rate is 1 USD = ₦500, and the foreign country pays a 5% commission on the total value of the goods, what is the total amount received by Nigeria in USD?
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About This Question
This is Post Utme Crawford University 2017 Commerce Question 17. It is one of the objective questions from the 2017 Post Utme Crawford University Commerce examination.
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