Post Utme Ui 2020 Economics Question 7

Practice objective / multiple choice question 7 from the 2020 Post Utme Ui Economics examination.

Post Utme Ui 2020 Economics Objective / Multiple Choice
Question 7 POST_UTME_UI • 2020 • ECONOMICS • objective

A country's balance of payments account shows a trade deficit of ₦100 billion. If the country's exchange rate is ₦200 per US dollar, what is the equivalent trade deficit in US dollars?

Answer Options

A. ₦500 billion
Correct Answer B. ₦200 billion
C. ₦50 billion
D. ₦10 billion
Correct Answer
B
Correct Option:
₦200 billion

About This Question

This is Post Utme Ui 2020 Economics Question 7. It is one of the objective questions from the 2020 Post Utme Ui Economics examination.

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