Post Utme Esut 2019 Economics Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Esut Economics examination.

Post Utme Esut 2019 Economics Objective / Multiple Choice
Question 3 POST_UTME_ESUT • 2019 • ECONOMICS • objective

A country has a balance of payments deficit of $100 million. If the exchange rate is 1 USD = 100 Naira, what is the equivalent deficit in Naira?

Answer Options

A. ₦10 billion
Correct Answer B. ₦20 billion
C. ₦30 billion
D. ₦40 billion
Correct Answer
B
Correct Option:
₦20 billion

About This Question

This is Post Utme Esut 2019 Economics Question 3. It is one of the objective questions from the 2019 Post Utme Esut Economics examination.

View More Post Utme Esut 2019 Economics Questions More Post Utme Esut Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support