Post Utme Greenfield University 2018 Economics Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2018 Economics Objective / Multiple Choice
Question 38 POST_UTME_GREENFIELD_UNIVERSITY • 2018 • ECONOMICS • objective

Suppose a country has a trade deficit of ₦100 billion and its exchange rate is ₦5 per dollar. If the country's central bank wants to reduce the trade deficit by 20%, what is the new exchange rate?

Answer Options

A. ₦4.50
Correct Answer B. ₦4.75
C. ₦5.00
D. ₦5.25
Correct Answer
B
Correct Option:
₦4.75

About This Question

This is Post Utme Greenfield University 2018 Economics Question 38. It is one of the objective questions from the 2018 Post Utme Greenfield University Economics examination.

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