Inflation In Nigeria - SS2 Economics Past Questions and Answers - page 1
1
What is the major cause of inflation in Nigeria?
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A
Poor infrastructure
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B
High cost of production
C
Excessive printing of money by the government
2
What are the effects of inflation in Nigeria?
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A
Reducing the purchasing power of money
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B
Lowering the standard of living
C
All of the above
3
Which of the following is a policy implemented by the CBN to combat inflation in Nigeria?
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A
Reducing interest rates
B
Increasing the money supply
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C
Encouraging investment in the production sector
4
What is the role of the Nigerian government in combating inflation?
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A
Developing infrastructure
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B
Encouraging investment in the production sector
C
Both a and b
5
What is the Central Bank of Nigeria (CBN) doing to combat inflation in Nigeria?
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