Post Utme Unilorin 2018 Economics Question 30

Practice objective / multiple choice question 30 from the 2018 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2018 Economics Objective / Multiple Choice

Question 30 POST_UTME_UNILORIN • 2018 • ECONOMICS • objective

Consider a country that imports 100 units of a commodity at a price of ₦50 per unit. If the exchange rate is 1 USD = 200 NGN, find the value of the import in USD.

Answer Options

Correct Answer A. $0.50

B. $1.00

C. $2.00

D. $5.00

Correct Answer

Correct Option:

$0.50

About This Question

This is Post Utme Unilorin 2018 Economics Question 30. It is one of the objective questions from the 2018 Post Utme Unilorin Economics examination.

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