Post Utme Oau 2020 Commerce Question 40

Practice objective / multiple choice question 40 from the 2020 Post Utme Oau Commerce examination.

Post Utme Oau 2020 Commerce Objective / Multiple Choice
Question 40 POST_UTME_OAU • 2020 • COMMERCE • objective

A country's trade balance is given by the equation TB = X - M, where TB is the trade balance, 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

A. ₦20 billion
B. ₦20,000,000,000
Correct Answer C. ₦-20 billion
D. ₦-20,000,000,000
Correct Answer
C
Correct Option:
₦-20 billion

About This Question

This is Post Utme Oau 2020 Commerce Question 40. It is one of the objective questions from the 2020 Post Utme Oau Commerce examination.

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