Post Utme Osustech 2020 Commerce Question 22

Practice objective / multiple choice question 22 from the 2020 Post Utme Osustech Commerce examination.

Post Utme Osustech 2020 Commerce Objective / Multiple Choice
Question 22 POST_UTME_OSUSTECH • 2020 • COMMERCE • objective

A firm's foreign trade involves the importation of goods from a foreign country. What is the term for the process of converting foreign currency into the domestic currency?

Answer Options

A. Exchange Rate
B. Tariff
C. Quota
Correct Answer D. Remittance
Correct Answer
D
Correct Option:
Remittance

About This Question

This is Post Utme Osustech 2020 Commerce Question 22. It is one of the objective questions from the 2020 Post Utme Osustech Commerce examination.

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