Post Utme Redeemers University 2022 Commerce Question 29

Practice objective / multiple choice question 29 from the 2022 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2022 Commerce Objective / Multiple Choice
Question 29 POST_UTME_REDEEMERS_UNIVERSITY • 2022 • COMMERCE • objective

A foreign trade agreement between two countries involves the exchange of goods worth ₦100 million. If the exchange rate is 1 USD = ₦500, what is the value of the goods in USD?

Answer Options

A. ₦500 million
Correct Answer B. ₦200 million
C. ₦100 million
D. ₦50 million
Correct Answer
B
Correct Option:
₦200 million

About This Question

This is Post Utme Redeemers University 2022 Commerce Question 29. It is one of the objective questions from the 2022 Post Utme Redeemers University Commerce examination.

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