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In Nigeria, a balance of payments deficit can be solved by all of the following EXECPT?

In Nigeria, a balance of payments deficit can be solved by all of the following EXECPT?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • 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
Correct Answer: Option D
Explanation:

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