A shortcoming of the Second-tier Foreign Exchange Market in Nigeria is that it
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
- A Serves as a mechanism for evaluating an unrealistic exchange rate for the naira
- B Creates unhealthy competition amongst users of foreign exchange
- C Contributes to destabilizing national resource allocation
- D Contributes to flooding the market with foreign essential commodities
Correct Answer: Option B
Explanation:
Share question on: