Post Utme Unilorin 2021 Commerce Question 2

Practice objective / multiple choice question 2 from the 2021 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2021 Commerce Objective / Multiple Choice

Question 2 POST_UTME_UNILORIN • 2021 • COMMERCE • objective

A country's trade balance is calculated by subtracting its imports from its exports. What is the term for this balance?

Answer Options

A. Trade Deficit

Correct Answer B. Trade Surplus

C. Balance of Payments

D. Current Account

Correct Answer

Correct Option:

Trade Surplus

About This Question

This is Post Utme Unilorin 2021 Commerce Question 2. It is one of the objective questions from the 2021 Post Utme Unilorin Commerce examination.

View More Post Utme Unilorin 2021 Commerce Questions More Post Utme Unilorin Practice Questions Back to Questions

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