Post Utme Mountain Top University 2020 Commerce Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2020 Commerce Objective / Multiple Choice
Question 8 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2020 • COMMERCE • objective

A country has a trade deficit of 100 million and a trade surplus of 50 million with its trading partners. What is the overall balance of trade for this country?

Answer Options

A. Trade deficit of 50 million
Correct Answer B. Trade surplus of 50 million
C. Trade deficit of 100 million
D. Trade surplus of 100 million
Correct Answer
B
Correct Option:
Trade surplus of 50 million

About This Question

This is Post Utme Mountain Top University 2020 Commerce Question 8. It is one of the objective questions from the 2020 Post Utme Mountain Top University Commerce examination.

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