Post Utme Osustech 2018 Economics Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Osustech Economics examination.

Post Utme Osustech 2018 Economics Objective / Multiple Choice
Question 4 POST_UTME_OSUSTECH • 2018 • ECONOMICS • objective

A country's balance of payments account shows a trade deficit of ₦100 billion. If the country's exchange rate is fixed at ₦200 per US dollar, and the country's foreign exchange reserves are ₦500 billion, what is the country's current account deficit in US dollars?

Answer Options

A. US$250 million
Correct Answer B. US$500 million
C. US$750 million
D. US$1 billion
Correct Answer
B
Correct Option:
US$500 million

About This Question

This is Post Utme Osustech 2018 Economics Question 4. It is one of the objective questions from the 2018 Post Utme Osustech Economics examination.

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