Post Utme Oau 2018 Commerce Question 34

Practice objective / multiple choice question 34 from the 2018 Post Utme Oau Commerce examination.

Post Utme Oau 2018 Commerce Objective / Multiple Choice
Question 34 POST_UTME_OAU • 2018 • COMMERCE • objective

A country's trade balance is given by the equation TB = X - M, where X is the value of exports and M is the value of imports. If the country's exports are 100 billion and its imports are 120 billion, what is the trade balance?

Answer Options

Correct Answer A. -20 billion
B. -10 billion
C. 10 billion
D. 20 billion
Correct Answer
A
Correct Option:
-20 billion

About This Question

This is Post Utme Oau 2018 Commerce Question 34. It is one of the objective questions from the 2018 Post Utme Oau Commerce examination.

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