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JAMB Commerce 1995 Question 2

Question 2

Introduction to Commerce

The development of commercial activities in Nigeria was facilitated largely by

  1. A.a good transport system
  2. B.the indigenization decree
  3. C.a convenient medium of exchange
  4. D.a high level of production.
Show the answer and explanation

Answer: C (a convenient medium of exchange)

Explanation

Trade grew quickly once money replaced barter, because a common medium of exchange made buying and selling easy.