A shortcoming of the Second-tier Foreign Exchange Market in Nigeria is that it

A shortcoming of the Second-tier Foreign Exchange Market in Nigeria is that it
  • A.
    serves as a mechanism for evaluating an unrealistic exchange rate for the naira
  • B.
    creates unhealthy competition amongst users of foreign exchange
  • C.
    contributes to destabilizing national resource allocation
  • D.
    contributes to flooding the market with foreign essential commodities
Correct Answer: Option B
Explanation
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