Nigerian naira

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/nigerian-naira

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What money is used in Nigerian naira?NGN
2. Who wrote Nigerian naira?Central Bank of Nigeria (CBN)
3. What language do people speak in Nigerian naira?English, Yoruba, Hausa, Igbo, Tyap
4. What is the country?Federal Republic of Nigeria
5. What is the subunit?1 naira = 100 kobo

Legal Tender: Money that must be accepted by law for payment of debts.
Monetary Policy: Actions undertaken by a central bank to manipulate the money supply and credit conditions to stimulate or restrain economic activity.
Central Bank Digital Currency (CBDC): A digital form of a country's fiat currency that is also a direct liability of the central bank.
Liquidity Crisis: A situation where a financial institution or market faces a shortage of readily available cash.