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A measure for preventing the external value of the naira from falling is for the ...

A measure for preventing the external value of the naira from falling is for the government to
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Increase its spending with foreign reserve
  • B Sell its own currency
  • C Reduce interest rate
  • D Buy its currency with foreign reserve
Correct Answer: Option B
Explanation:
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.

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