Inflation In Nigeria - SS2 Economics Past Questions and Answers - page 1
What is the major cause of inflation in Nigeria?
Poor infrastructure
High cost of production
Excessive printing of money by the government
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What are the effects of inflation in Nigeria?
Reducing the purchasing power of money
Lowering the standard of living
All of the above
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Which of the following is a policy implemented by the CBN to combat inflation in Nigeria?
Reducing interest rates
Increasing the money supply
Encouraging investment in the production sector
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What is the role of the Nigerian government in combating inflation?
Developing infrastructure
Encouraging investment in the production sector
Both a and b
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What is the Central Bank of Nigeria (CBN) doing to combat inflation in Nigeria?
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