JAMB Economics 2022 Objective — Question 37

Question 37 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2022 Objective paper, with the correct answer and a full explanation.

The purchasing power of the Naira in relation to other currencies will fall when

A. the Naira is overvalued
B. the Naira is devaluedCorrect
C. There is inflation
D. the Naira is revalued

Explanation

If the Naira is devalued, the purchasing power of the Naira in the international market will fall.

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