Post Utme Delsu 2020 Commerce Question 28

Practice objective / multiple choice question 28 from the 2020 Post Utme Delsu Commerce examination.

Post Utme Delsu 2020 Commerce Objective / Multiple Choice
Question 28 POST_UTME_DELSU • 2020 • COMMERCE • objective

A foreign trade agreement between two countries involves the exchange of goods worth ₦100 million for goods worth 50 million. If the exchange rate is 1 USD = ₦200, what is the value of the goods received by each country in terms of their respective currencies?

Answer Options

A. ₦100 million for ₦50 million
Correct Answer B. ₦50 million for ₦100 million
C. 50 million for ₦100 million
D. 100 million for ₦50 million
Correct Answer
B
Correct Option:
₦50 million for ₦100 million

About This Question

This is Post Utme Delsu 2020 Commerce Question 28. It is one of the objective questions from the 2020 Post Utme Delsu Commerce examination.

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