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WAEC Economics 1996 Question 31

Question 31

Balance of Payments and Exchange Rates

Exchange control is a weapon used in regulating

  1. A.internal trade
  2. B.stock exchange
  3. C.foreign trade
  4. D.barter trade
  5. E.exchange of personal property
Show the answer and explanation

Answer: C (foreign trade)

Explanation

Exchange control rations foreign currency, which regulates imports and other foreign transactions.