Devaluation of the naira as a condition for the internati...
Devaluation of the naira as a condition for the international Monetary Fund 'loan' is considered inadvisable because
It would allowed for more money to be spent on luxuries
The interest rate on the loan will increase
It would decrease the demand for Nigeria's exports
it would worsen Nigeria foreign exchange situation
Nigeria's oil would sell less in the world market
Correct answer is D
No explanation has been provided for this answer.
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