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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

The correct answer is D.


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