Post Utme Elizade University 2018 Commerce Question 10

Practice objective / multiple choice question 10 from the 2018 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2018 Commerce Objective / Multiple Choice
Question 10 POST_UTME_ELIZADE_UNIVERSITY • 2018 • COMMERCE • objective

A country's trade balance is given by the equation TB = X - M, where X is the value of exports and M is the value of imports. If the country's exports are ₦1000 and its imports are ₦800, what is the trade balance?

Answer Options

Correct Answer A. ₦200
B. ₦300
C. ₦400
D. ₦500
Correct Answer
A
Correct Option:
₦200

About This Question

This is Post Utme Elizade University 2018 Commerce Question 10. It is one of the objective questions from the 2018 Post Utme Elizade University Commerce examination.

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