WAEC Economics 2018 Objective — Question 42
Question 42 of 50 from the West African Examinations Council (WAEC) Economics 2018 Objective paper, with the correct answer and a full explanation.
Advertisement
Which of the following measures can be adopted to stabilize the external value of the local currency?
- A. reduce the volume of exports
- B. increase demand for imports
- C. decrease domestic money supply
- D. reduce demand for importsCorrect
Explanation
Reducing the demand for imports lowers the outflow of foreign currency, helping to stabilise/strengthen the local currency's external value.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.