Post Utme Ims U 2021 Commerce Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Ims U Commerce examination.

Post Utme Ims U 2021 Commerce Objective / Multiple Choice
Question 29 POST_UTME_IMS_U • 2021 • COMMERCE • objective

A firm exports 100 units of goods to a foreign country, with a total value of ₦1,000,000. If the firm's foreign exchange rate is 1 USD = ₦500, and the firm's export revenue is paid in USD, what is the total value of the export revenue in Naira?

Answer Options

A. ₦500,000
B. ₦750,000
Correct Answer C. ₦1,000,000
D. ₦1,250,000
Correct Answer
C
Correct Option:
₦1,000,000

About This Question

This is Post Utme Ims U 2021 Commerce Question 29. It is one of the objective questions from the 2021 Post Utme Ims U Commerce examination.

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