JAMB Economics 2018 Objective — Question 7

Question 7 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2018 Objective paper, with the correct answer and a full explanation.

The government of Nigeria can conserve foreign exchange by

A. Buying foreign currency
B. Improving international reserveCorrect
C. Employing currency exchange
D. Buying local currency

Explanation

Improving the level of international reserves helps conserve/protect a country's foreign exchange position.

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