Post Utme Uniben 2024 Commerce Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Uniben Commerce examination.

Post Utme Uniben 2024 Commerce Objective / Multiple Choice
Question 12 POST_UTME_UNIBEN • 2024 • COMMERCE • objective

A country's trade deficit is 100 billion. This means that the country imports 100 billion more than it exports. What is the term for this situation?

Answer Options

A. Trade surplus
Correct Answer B. Trade deficit
C. Balance of trade
D. Current account deficit
Correct Answer
B
Correct Option:
Trade deficit

About This Question

This is Post Utme Uniben 2024 Commerce Question 12. It is one of the objective questions from the 2024 Post Utme Uniben Commerce examination.

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