Post Utme Nile University 2017 Economics Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Nile University Economics examination.

Post Utme Nile University 2017 Economics Objective / Multiple Choice
Question 33 POST_UTME_NILE_UNIVERSITY • 2017 • ECONOMICS • objective

Consider a country with a balance of payments surplus of ₦500 billion. If the country's foreign exchange reserves are ₦2 trillion, calculate the percentage increase in foreign exchange reserves.

Answer Options

A. 10%
B. 20%
Correct Answer C. 25%
D. 30%
Correct Answer
C
Correct Option:
25%

About This Question

This is Post Utme Nile University 2017 Economics Question 33. It is one of the objective questions from the 2017 Post Utme Nile University Economics examination.

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