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parallel markets are usually the results of

parallel markets are usually the results of
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Excess supply
  • B The activities of rich individuals
  • C Price legislation
  • D Inadequate information
Correct Answer: Option C
Explanation:
A parallel market arises when the government limits the amount of foreign exchange that can be bought or sold for particular transactions, causing excess demand or supply to spill over into a parallel market, or authorizes that exchange rates for certain transactions be pegged and for other transactions be floating

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