JAMB - Economics (2013 - No. 39)
A measure for preventing the external value of the naira from falling is for the government to
increase its spending with foreign reserve
sell its own currency
reduce interest rate
buy its currency with foreign reserve
Erläuterung
If the naira can be valued to the point where it can compete with other foreign currencies in the foreign exchange market, the value will be high in the international market.