Post Utme Lead City University 2017 Economics Question 35

Practice objective / multiple choice question 35 from the 2017 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2017 Economics Objective / Multiple Choice

Question 35 POST_UTME_LEAD_CITY_UNIVERSITY • 2017 • ECONOMICS • objective

Consider a country with a trade deficit of ₦50 billion and a balance of payments surplus of ₦20 billion. What is the country's net foreign exchange position?

Answer Options

Correct Answer A. ₦30 billion surplus

B. ₦30 billion deficit

C. ₦50 billion surplus

D. ₦50 billion deficit

Correct Answer

Correct Option:

₦30 billion surplus

About This Question

This is Post Utme Lead City University 2017 Economics Question 35. It is one of the objective questions from the 2017 Post Utme Lead City University Economics examination.

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