Post Utme Redeemers University 2020 Economics Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2020 Economics Objective / Multiple Choice
Question 38 POST_UTME_REDEEMERS_UNIVERSITY • 2020 • ECONOMICS • objective

Suppose a country imports 100 units of a product at a price of ₦50 per unit. If the exchange rate is 1 USD = 200 NGN, find the value of the imports in USD.

Answer Options

A. 2 USD
Correct Answer B. 4 USD
C. 6 USD
D. 8 USD
Correct Answer
B
Correct Option:
4 USD

About This Question

This is Post Utme Redeemers University 2020 Economics Question 38. It is one of the objective questions from the 2020 Post Utme Redeemers University Economics examination.

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