The current and capital accounts in Nigeria’s balance of payments contain all the following items except?

Development banks mainly provide?

A. savings account facilities for a developing economy B. foreign exchange facilities for importers and exporters C. capital for development of specific sectors D. capital for hire-purchase of machinery E. capital for the development of special banks Correct Answer:...
The current and capital accounts in Nigeria’s balance of payments contain all the following items except?

Deficit financing means?

A. receiving grants from the IMF B. having budget surplus C. excessive government spending on banks D. borrowing to finance a budget E. inadequate supply of money from the finance companies Correct Answer: Option D – borrowing to finance a...

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