Post Utme Ims U 2017 Commerce Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Ims U Commerce examination.

Post Utme Ims U 2017 Commerce Objective / Multiple Choice
Question 38 POST_UTME_IMS_U • 2017 • COMMERCE • objective

A country has a trade deficit of 100 million and an exchange rate of 1 USD = 150 Naira. If the country's central bank wants to reduce the trade deficit by 20%, what is the new exchange rate?

Answer Options

Correct Answer A. 1 USD = 120 Naira
B. 1 USD = 130 Naira
C. 1 USD = 140 Naira
D. 1 USD = 150 Naira
Correct Answer
A
Correct Option:
1 USD = 120 Naira

About This Question

This is Post Utme Ims U 2017 Commerce Question 38. It is one of the objective questions from the 2017 Post Utme Ims U Commerce examination.

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