JAMB - Economics (1985 - No. 34)
Devaluation of the naira as a condition for the international Monetary Fund 'loan' is considered inadvisable because?
it would allowed for more money to be spent on luxuries
the interest rate on the loan will increase
it would decrease the demand for Nigeria's exports
it would worsen Nigeria foreign exchange situation
Nigerias oil would sell less in the world market
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