Nigerian Central Bank Raises Its Key Interest Rate

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Business
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main challenges Nigeria faces due to the weakening naira?
Improved economic stability
Stronger black market rates
Higher inflation rates
Increased foreign investment
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How might the recent rate hike benefit Nigeria's economy?
Reduction in market confidence
Stabilization of the naira
Increase in real interest rates
Decrease in foreign currency supply
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the central bank's goal with the recent rate hike?
To weaken the naira further
To reduce foreign investment
To signal commitment to price stability
To decrease inflation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the expected outcome of removing the naira peg?
Decreased market volatility
Increased foreign currency supply
Immediate economic recovery
Lower interest rates
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How long has it been since the new Forex regime was introduced?
Two weeks
One year
Six months
One month
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