NECO Commerce 2025 Objective — Question 20
Question 20 of 50 from the National Examinations Council (NECO) Commerce 2025 Objective paper, with the correct answer and a full explanation.
Advertisement
A deficit in the balance of trade occurs when
- A. visible exports exceed visible imports
- B. visible imports exceed visible exportsCorrect
- C. total payments exceed total receipts
- D. total imports exceed total exports
Explanation
A trade deficit occurs when the value of visible imports exceeds the value of visible exports.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.