Post Utme Lasu 2020 Economics Question 20
Practice objective / multiple choice question 20 from the 2020 Post Utme Lasu Economics examination.
Suppose the exchange rate between the Nigerian naira (NGN) and the South African rand (ZAR) is 1 ZAR = 200 NGN. If a Nigerian consumer has a budget of 400,000 NGN and wants to buy a smartphone that \costs 200 ZAR, what is the maximum number of smartphones the consumer can buy?
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About This Question
This is Post Utme Lasu 2020 Economics Question 20. It is one of the objective questions from the 2020 Post Utme Lasu Economics examination.
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