Post Utme Ksu 2022 Commerce Question 39
Practice objective / multiple choice question 39 from the 2022 Post Utme Ksu Commerce examination.
In a foreign trade transaction, a Nigerian exporter sells goods worth ₦5,000,000 to a buyer in the United States. The exchange rate at the time of transaction is 1 = ₦450. If the exporter is paid in dollars, how much will he receive in naira, assuming a 10% commission is charged by the bank?
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About This Question
This is Post Utme Ksu 2022 Commerce Question 39. It is one of the objective questions from the 2022 Post Utme Ksu Commerce examination.
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