Post Utme Joseph Ayo Babalola University 2022 Economics Question 28

Practice objective / multiple choice question 28 from the 2022 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2022 Economics Objective / Multiple Choice
Question 28 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2022 • ECONOMICS • objective

A country's balance of payments account shows a trade deficit of ₦100 billion. If the country's exchange rate is ₦200 per dollar, what will be the value of its trade deficit in dollars?

Answer Options

A. ₦500 million
Correct Answer B. ₦500 billion
C. ₦500 trillion
D. ₦500 quadrillion
Correct Answer
B
Correct Option:
₦500 billion

About This Question

This is Post Utme Joseph Ayo Babalola University 2022 Economics Question 28. It is one of the objective questions from the 2022 Post Utme Joseph Ayo Babalola University Economics examination.

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