WAEC - Economics (2017 - No. 15)
parallel markets are usually the results of
excess supply
the activities of rich individuals
price legislation
inadequate information
Forklaring
A parallel market arises when the government limits the amount of foreign exchange that can be bought or sold for particular transactions, causing excess demand or supply to spill over into a parallel market, or authorizes that exchange rates for certain transactions be pegged and for other transactions be floating