Waec Model Questions Vol1 2022 Commerce Question 50
Practice objective / multiple choice question 50 from the 2022 Waec Model Questions Vol1 Commerce examination.
In a given year, Country X exported goods worth $12 million and imported goods worth €15 million. The average exchange rates during the year were 1 USD = 0.85 EUR and 1 EUR = ₦460. Calculate the trade balance of Country X in naira, indicating whether it is a surplus or a deficit. Round the final answer to the nearest million naira.
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About This Question
This is Waec Model Questions Vol1 2022 Commerce Question 50. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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