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