Post Utme Lasu 2019 Commerce Question 15

Practice objective / multiple choice question 15 from the 2019 Post Utme Lasu Commerce examination.

Post Utme Lasu 2019 Commerce Objective / Multiple Choice
Question 15 POST_UTME_LASU • 2019 • COMMERCE • objective

A country's trade balance is given by TB = X - M, where TB is the trade balance, X is exports and M is imports. If the country's exports are ₦100 million and its imports are ₦80 million, what is the trade balance?

Answer Options

A. ₦10 million
B. ₦20 million
Correct Answer C. ₦30 million
D. ₦40 million
Correct Answer
C
Correct Option:
₦30 million

About This Question

This is Post Utme Lasu 2019 Commerce Question 15. It is one of the objective questions from the 2019 Post Utme Lasu Commerce examination.

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