Post Utme Greenfield University 2024 Commerce Question 37

Practice objective / multiple choice question 37 from the 2024 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2024 Commerce Objective / Multiple Choice
Question 37 POST_UTME_GREENFIELD_UNIVERSITY • 2024 • COMMERCE • objective

A company has a foreign trade agreement with a supplier in a foreign country. The agreement involves the exchange of goods worth ₦1,000,000. If the exchange rate is 1 USD = ₦400, what is the value of the goods in USD?

Answer Options

A. ₦400,000
B. ₦800,000
Correct Answer C. ₦1,200,000
D. ₦2,000,000
Correct Answer
C
Correct Option:
₦1,200,000

About This Question

This is Post Utme Greenfield University 2024 Commerce Question 37. It is one of the objective questions from the 2024 Post Utme Greenfield University Commerce examination.

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