Post Utme Rsu 2020 Commerce Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Rsu Commerce examination.

Post Utme Rsu 2020 Commerce Objective / Multiple Choice
Question 24 POST_UTME_RSU • 2020 • COMMERCE • objective

A country's trade balance is given by TB = X - M, where X is the value of exports and M is the value of imports. If the country's exports are ₦100 billion and its imports are ₦120 billion, what is the trade balance?

Answer Options

A. ₦20 billion surplus
Correct Answer B. ₦20 billion deficit
C. ₦40 billion surplus
D. ₦40 billion deficit
Correct Answer
B
Correct Option:
₦20 billion deficit

About This Question

This is Post Utme Rsu 2020 Commerce Question 24. It is one of the objective questions from the 2020 Post Utme Rsu Commerce examination.

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