Post Utme Futa 2020 Commerce Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Futa Commerce examination.

Post Utme Futa 2020 Commerce Objective / Multiple Choice
Question 20 POST_UTME_FUTA • 2020 • COMMERCE • objective

A country's trade balance is given by Trade Balance = Exports - Imports. If the country's exports are ₦100 million and imports are ₦80 million, what is its trade balance?

Answer Options

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

About This Question

This is Post Utme Futa 2020 Commerce Question 20. It is one of the objective questions from the 2020 Post Utme Futa Commerce examination.

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