Post Utme Oau 2020 Economics Question 9

Practice objective / multiple choice question 9 from the 2020 Post Utme Oau Economics examination.

Post Utme Oau 2020 Economics Objective / Multiple Choice
Question 9 POST_UTME_OAU • 2020 • ECONOMICS • objective

A central bank sells $100 million worth of foreign exchange to the market. If the initial exchange rate is 1 USD = 150 Naira, what is the new exchange rate?

Answer Options

A. 1 USD = 160 Naira
Correct Answer B. 1 USD = 140 Naira
C. 1 USD = 180 Naira
D. 1 USD = 200 Naira
Correct Answer
B
Correct Option:
1 USD = 140 Naira

About This Question

This is Post Utme Oau 2020 Economics Question 9. It is one of the objective questions from the 2020 Post Utme Oau Economics examination.

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