Economics
JAMB 1985
Devaluation of the naira as a condition for the international Monetary Fund 'loan' is considered inadvisable because?
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A.
it would allowed for more money to be spent on luxuries
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B.
the interest rate on the loan will increase
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C.
it would decrease the demand for Nigeria's exports
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D.
it would worsen Nigeria foreign exchange situation
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E.
Nigerias oil would sell less in the world market
Correct Answer: Option D
Explanation
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