Post Utme Uniport 2020 Economics Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Uniport Economics examination.

Post Utme Uniport 2020 Economics Objective / Multiple Choice
Question 38 POST_UTME_UNIPORT • 2020 • ECONOMICS • objective

A country's demand for foreign exchange is given by MD = 100 - 2P and the supply of foreign exchange is given by MS = 200 + 2P. Find the equilibrium exchange rate.

Answer Options

A. ₦50
Correct Answer B. ₦75
C. ₦100
D. ₦200
Correct Answer
B
Correct Option:
₦75

About This Question

This is Post Utme Uniport 2020 Economics Question 38. It is one of the objective questions from the 2020 Post Utme Uniport Economics examination.

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