Post Utme Osustech 2017 Commerce Question 35

Practice objective / multiple choice question 35 from the 2017 Post Utme Osustech Commerce examination.

Post Utme Osustech 2017 Commerce Objective / Multiple Choice
Question 35 POST_UTME_OSUSTECH • 2017 • COMMERCE • objective

A country's trade balance is given by TB = X - M, where TB is the trade balance, X is the exports, and M is the imports. If the country's exports are ₦1,000,000, and its imports are ₦800,000, what is the trade balance?

Answer Options

A. ₦100,000
B. ₦200,000
Correct Answer C. ₦300,000
D. ₦400,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Osustech 2017 Commerce Question 35. It is one of the objective questions from the 2017 Post Utme Osustech Commerce examination.

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