Exchange control is a weapon used in regulating

Assessment: WAEC SSCE - Economics - 2013 (Objective) Subject: Economics

Question 1 Report

Exchange control is a weapon used in regulating

Answer Details
Exchange control is a government policy that regulates the flow of foreign currency in and out of a country. It is aimed at maintaining stability in the foreign exchange market and preventing currency speculation, among other things. Therefore, exchange control is used to regulate foreign trade by controlling the inflow and outflow of foreign currency.

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning