Devaluation of the naira as a condition for the international Monetary Fund 'loan' is considered inadvisable because?
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- A It would allowed for more money to be spent on luxuries
- B The interest rate on the loan will increase
- C It would decrease the demand for Nigeria's exports
- D It would worsen Nigeria foreign exchange situation
- E Nigerias oil would sell less in the world market
Correct Answer: Option D
Explanation:
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