WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent

2009 WAEC Economics Theory (a) What is (i) devaluation: (ii) depreciation of currency? [4 marks each]  (b) Outline three...

Economics
WAEC 2009

(a) What is (i) devaluation: (ii) depreciation of currency? [4 marks each] 
(b) Outline three measures that can be adopted to correct balance of payments deficit [12 marks] 

WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
Explanation

(a)(i) Devaluation is the official reduction of the exchange value of a national currency In terms of the currencies of other countries.
    (ii) Deprecation of currency is the reduction of the exchange value of a national currency in relation to other currencies as a result of changes in demand and supply in the foreign exchange market. 

(b)(i)Adoption of foreign exchange control measures. 
    (ii) Devaluation 
    (iii) Borrowing from foreign governments and International institutions. 
    (iv) Export promotion. 
    (v) Import substitution
    (vi) Increased tariffs on imports 
    (vii) Embargoes.
    (viii) Quotas.
    (ix) Deflationary measures e.g. decreasing government


Report an Error Ask A Question Download App
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now

Contributions ({{ comment_count }})

Please wait...

{{ settings.no_comment_msg ? settings.no_comment_msg : 'There are no comments' }}

Quick Questions

Post your Contribution

Please don't post or ask to join a "Group" or "Whatsapp Group" as a comment. It will be deleted. To join or start a group, please click here

{{ quote.posted_by.display_name }}
{{ settings.form_textarea_description }}
 
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now