Post Utme Summit University 2018 Commerce Question 10

Practice objective / multiple choice question 10 from the 2018 Post Utme Summit University Commerce examination.

Post Utme Summit University 2018 Commerce Objective / Multiple Choice
Question 10 POST_UTME_SUMMIT_UNIVERSITY • 2018 • COMMERCE • objective

A firm's foreign trade involves exporting goods to a country with a currency exchange rate of 1 USD = ₦500. If the firm sells a product for 100, what is the equivalent in Nigerian Naira?

Answer Options

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

About This Question

This is Post Utme Summit University 2018 Commerce Question 10. It is one of the objective questions from the 2018 Post Utme Summit University Commerce examination.

View More Post Utme Summit University 2018 Commerce Questions More Post Utme Summit University Practice Questions Back to Questions

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