Post Utme Lautech 2025 Economics Question 31

Practice objective / multiple choice question 31 from the 2025 Post Utme Lautech Economics examination.

Post Utme Lautech 2025 Economics Objective / Multiple Choice
Question 31 POST_UTME_LAUTECH • 2025 • ECONOMICS • objective

A country is experiencing a trade deficit of $100 million. If the exchange rate is 1 USD = 100 Naira, what is the equivalent trade deficit in Naira?

Answer Options

A. ₦10 billion
B. ₦15 billion
Correct Answer C. ₦20 billion
D. ₦25 billion
Correct Answer
C
Correct Option:
₦20 billion

About This Question

This is Post Utme Lautech 2025 Economics Question 31. It is one of the objective questions from the 2025 Post Utme Lautech Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support