Post Utme Joseph Ayo Babalola University 2024 Commerce Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2024 Commerce Objective / Multiple Choice
Question 14 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2024 • COMMERCE • objective

A country's balance of payments account shows a trade deficit of 100,000,000. If its foreign exchange reserves are 500,000,000, what is its net foreign assets?

Answer Options

A. 400,000,000
Correct Answer B. 600,000,000
C. 700,000,000
D. 800,000,000
Correct Answer
B
Correct Option:
600,000,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2024 Commerce Question 14. It is one of the objective questions from the 2024 Post Utme Joseph Ayo Babalola University Commerce examination.

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