In Nigeria, a balance of payments deficit can be solved by all of the following ...
Question
In Nigeria, a balance of payments deficit can be solved by all of the following EXECPT?Options
A)
imposing import bans on some commodity
B)
imposing import duties
C)
drawing down on external reserves
D)
purchasing foreign exchanges from foreign countries
E)
devaluation of the currency
Related Lesson: Balance of Payments (BOP) | Fundamentals of International Trade
The correct answer is D.
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