Post Utme Futa 2023 Commerce Question 28

Practice objective / multiple choice question 28 from the 2023 Post Utme Futa Commerce examination.

Post Utme Futa 2023 Commerce Objective / Multiple Choice
Question 28 POST_UTME_FUTA • 2023 • COMMERCE • objective

A company's foreign trade involves importing goods from a foreign country. The company pays for the goods in the foreign currency. What type of exchange rate would the company use to convert the foreign currency to the domestic currency?

Answer Options

Correct Answer A. Spot rate
B. Forward rate
C. Market rate
D. Nominal rate
Correct Answer
A
Correct Option:
Spot rate

About This Question

This is Post Utme Futa 2023 Commerce Question 28. It is one of the objective questions from the 2023 Post Utme Futa Commerce examination.

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