Post Utme Rsu 2024 Commerce Question 5

Practice objective / multiple choice question 5 from the 2024 Post Utme Rsu Commerce examination.

Post Utme Rsu 2024 Commerce Objective / Multiple Choice
Question 5 POST_UTME_RSU • 2024 • COMMERCE • objective

A company has a foreign trade agreement with a country that has a different currency. The company wants to convert the foreign currency to the local currency. If the exchange rate is 1 USD = ₦500, and the company has 100 USD, how much will be the equivalent in Nigerian Naira?

Answer Options

A. ₦50,000
B. ₦50,000,000
Correct Answer C. ₦500,000
D. ₦50,000,000,000
Correct Answer
C
Correct Option:
₦500,000

About This Question

This is Post Utme Rsu 2024 Commerce Question 5. It is one of the objective questions from the 2024 Post Utme Rsu Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support