Post Utme Nile University 2024 Economics Question 6

Practice objective / multiple choice question 6 from the 2024 Post Utme Nile University Economics examination.

Post Utme Nile University 2024 Economics Objective / Multiple Choice
Question 6 POST_UTME_NILE_UNIVERSITY • 2024 • ECONOMICS • objective

Consider a country with a trade deficit of ₦500 billion and a current account deficit of ₦200 billion. If the country's exchange rate is ₦150 per dollar, what is the value of the trade deficit in dollars?

Answer Options

Correct Answer A. ₦3.33 billion
B. ₦2.67 billion
C. ₦1.5 billion
D. ₦3.33 billion
Correct Answer
A
Correct Option:
₦3.33 billion

About This Question

This is Post Utme Nile University 2024 Economics Question 6. It is one of the objective questions from the 2024 Post Utme Nile University Economics examination.

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