Post Utme Summit University 2018 Commerce Question 1
Practice objective / multiple choice question 1 from the 2018 Post Utme Summit University Commerce examination.
In a foreign trade transaction, a Nigerian exporter sells goods worth ₦5,000,000 to a foreign buyer. The exporter's bank charges a commission of 2% on the transaction value. If the exchange rate is 1 USD = ₦360, what is the exporter's net earnings in USD?
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About This Question
This is Post Utme Summit University 2018 Commerce Question 1. It is one of the objective questions from the 2018 Post Utme Summit University Commerce examination.
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