Economics > 2000 > 49
JAMB UTME
If the United Kingdom buys gold for ∈ 60 an ounce and Nigeria buys the same ounce for ₦500. What will be United Kingdom's exchange rate with Nigeria?
A.
∈ 0.05 = ₦1.00
B.
∈ 0.06 = ₦1.00
C.
∈ 0.11 = ₦1.00
D.
∈ 0.12 = ₦1.00
Answer: D
To see detailed solution to this question and thousands of other questions offline, download TestDriller UTME. Practice rigorously for UTME, enjoy educational games, summary of JAMB literature books, compete with your peers, win prizes and more.
09037778195