Post Utme Osustech 2018 Economics Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Osustech Economics examination.

Post Utme Osustech 2018 Economics Objective / Multiple Choice
Question 38 POST_UTME_OSUSTECH • 2018 • ECONOMICS • objective

Consider a country with a trade balance of $100 million and a current account surplus of $50 million. If the country's exchange rate is currently 1 USD = 100 Naira, find the value of the Naira in terms of the USD.

Answer Options

Correct Answer A. 1 USD = 120 Naira
B. 1 USD = 150 Naira
C. 1 USD = 180 Naira
D. 1 USD = 200 Naira
Correct Answer
A
Correct Option:
1 USD = 120 Naira

About This Question

This is Post Utme Osustech 2018 Economics Question 38. It is one of the objective questions from the 2018 Post Utme Osustech Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support