Post Utme Uniben 2024 Commerce Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Uniben Commerce examination.

Post Utme Uniben 2024 Commerce Objective / Multiple Choice
Question 23 POST_UTME_UNIBEN • 2024 • COMMERCE • objective

A country's trade balance is given by the equation TB = X - M, where X is the value of exports and M is the value of imports. If the value of exports is ₦1,000,000 and the value of imports is ₦800,000, what is the trade balance?

Answer Options

A. ₦100,000
Correct Answer B. ₦200,000
C. ₦300,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦200,000

About This Question

This is Post Utme Uniben 2024 Commerce Question 23. It is one of the objective questions from the 2024 Post Utme Uniben Commerce examination.

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