Post Utme Lasu 2020 Economics Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Lasu Economics examination.

Post Utme Lasu 2020 Economics Objective / Multiple Choice
Question 17 POST_UTME_LASU • 2020 • ECONOMICS • objective

Suppose the exchange rate between the Nigerian naira (NGN) and the US dollar (USD) is 1 USD = 500 NGN. If a Nigerian consumer has a budget of 250,000 NGN and wants to buy a laptop that \costs 500 USD, what is the maximum number of laptops the consumer can buy?

Answer Options

A. 2 laptops
Correct Answer B. 3 laptops
C. 4 laptops
D. 5 laptops
Correct Answer
B
Correct Option:
3 laptops

About This Question

This is Post Utme Lasu 2020 Economics Question 17. It is one of the objective questions from the 2020 Post Utme Lasu Economics examination.

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