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JAMB 2000 - Question 29

Commerce 2000 JAMB Past Questions - Question 29: A shortcoming of the Second -tier Foreign Exchange Market in Nigeria is that it

Choose the most appropriate option for the gap .

A shortcoming of the Second -tier Foreign Exchange Market in Nigeria is that it

A: serves as a mechanism for evaluating an unrealistic exchange rate for the naira

B: creates unhealthy competition amongst users of foreign exchange

C: contributes to destabilizing national resource allocation

D: contributes to flooding the market with foreign essential commodities

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Commerce 2000 JAMB Past Questions - Question 29: A shortcoming of the Second -tier Foreign Exchange Market in Nigeria is that it

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Correct Answer

Explanation