Post Utme Joseph Ayo Babalola University 2023 Commerce Question 31

Practice objective / multiple choice question 31 from the 2023 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2023 Commerce Objective / Multiple Choice
Question 31 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2023 • COMMERCE • objective

A country's foreign trade involves importing goods worth ₦5 billion and exporting goods worth ₦8 billion. What is the balance of trade?

Answer Options

Correct Answer A. ₦3 billion surplus
B. ₦3 billion deficit
C. ₦1 billion surplus
D. ₦1 billion deficit
Correct Answer
A
Correct Option:
₦3 billion surplus

About This Question

This is Post Utme Joseph Ayo Babalola University 2023 Commerce Question 31. It is one of the objective questions from the 2023 Post Utme Joseph Ayo Babalola University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support