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In Nigeria, a balance of payments deficit can be solved by all of the following…

In Nigeria, a balance of payments deficit can be solved by all of the following EXECPT?
  • A.
    imposing import bans on some commodity
  • B.
    imposing import duties
  • C.
    drawing down on external reserves
  • D.
    purchasing foreign exchanges from foreign countries
  • E.
    devaluation of the currency
Correct Answer: Option D
Explanation