Neco Model Questions Vol1 2017 Commerce Question 2
Practice objective / multiple choice question 2 from the 2017 Neco Model Questions Vol1 Commerce examination.
An exporter receives a payment of \(\text{€}20{,}000\). The exchange rate is \(\text{₦}460\) per \(\text{€}1\). The bank deducts a commission of 1.5% on the converted amount. How many naira does the exporter receive after the commission?
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About This Question
This is Neco Model Questions Vol1 2017 Commerce Question 2. It is one of the objective questions from the 2017 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Easy .
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