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


Question

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

Options

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

The correct answer is B.


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