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JAMB Commerce 1995 Question 31

Question 31

Introduction to Commerce

Which of the following sets of items was used for exchange in Nigeria before money was introduced?

  1. A.Cowries, iron rods, brass rods and copper wires
  2. B.Iron rods, copper rods, manilla and cowries
  3. C.Cowries, manilla, brass rods and copper wires
  4. D.Copper wires, brass wires, cowries, and iron rods.
Show the answer and explanation

Answer: C (Cowries, manilla, brass rods and copper wires)

Explanation

Before modern money, cowries, manillas, brass rods and copper wires served as currency in Nigeria.