Q158
The exchange reserves in 1996 - 1997 were approximately what percent of the average exchange reserve over the period under review?
A.
95%
B.
110%
C.
115%
D.
124%
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
\begin{aligned}
& \text{Required %} \\
& = \frac{4320}{3480} \times 100 \\
& = 124.137 \approx 124\% \\\end{aligned}