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Question 0

If the United Kingdom buys gold for $60 an ounce and Nigeria buys the same ounce for N500, what will be United Kingdom's exchange rate with Nigeria?

  • A.$0.05 = N1.00
  • B.$0.06 =N1.00
  • C.$0.11 =N1.00
  • D.$0.12 =N1.00
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
2000
Question no.
#0
Type
Objective
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