Post Utme Veritas University 2019 Commerce Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2019 Commerce Objective / Multiple Choice
Question 18 POST_UTME_VERITAS_UNIVERSITY • 2019 • COMMERCE • objective

A country has a trade deficit of 100 million. If the country's exports are valued at 500 million and its imports are valued at 600 million, what is the balance of trade?

Answer Options

A. Trade surplus of 100 million
Correct Answer B. Trade deficit of 100 million
C. Trade surplus of 200 million
D. Trade deficit of 200 million
Correct Answer
B
Correct Option:
Trade deficit of 100 million

About This Question

This is Post Utme Veritas University 2019 Commerce Question 18. It is one of the objective questions from the 2019 Post Utme Veritas University Commerce examination.

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