Post Utme Uniben 2019 Commerce Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Uniben Commerce examination.

Post Utme Uniben 2019 Commerce Objective / Multiple Choice
Question 38 POST_UTME_UNIBEN • 2019 • COMMERCE • objective

A country's trade balance is given by the equation TB = X - M, where TB is the trade balance, 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

Correct Answer A. -20 billion
B. -10 billion
C. 10 billion
D. 20 billion
Correct Answer
A
Correct Option:
-20 billion

About This Question

This is Post Utme Uniben 2019 Commerce Question 38. It is one of the objective questions from the 2019 Post Utme Uniben Commerce examination.

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