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GCE Commerce 1989 Question 9

Question 9

Introduction to Commerce

Which of the following supports the view that there was commerce in Nigeria many years ago?

  1. A.Communities were interdependent
  2. B.The economy was subsistent
  3. C.Specialization was minimal
  4. D.Cowries were used as money
  5. E.Horses were used as means of transportation
Show the answer and explanation

Answer: A (Communities were interdependent)

Explanation

Communities depending on one another for goods means they exchanged goods, which is commerce; a subsistence economy with little specialisation means little trade.