Post Utme Oau 2017 Economics Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Oau Economics examination.

Post Utme Oau 2017 Economics Objective / Multiple Choice
Question 18 POST_UTME_OAU • 2017 • ECONOMICS • objective

Consider a country that imports 100 units of a good from another country at a price of $10 per unit. The country also exports 50 units of another good to the same country at a price of $20 per unit. If the country's exchange rate is 1 USD = 2 NGN, calculate the country's balance of payments in NGN.

Answer Options

A. ₦50,000
Correct Answer B. ₦100,000
C. ₦150,000
D. ₦200,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Oau 2017 Economics Question 18. It is one of the objective questions from the 2017 Post Utme Oau Economics examination.

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