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JAMB Commerce 1998 Question 1

Question 1

Introduction to Commerce

Which of the following contributed least to the evolution of commercial activities in Nigeria?

  1. A.Development of banks
  2. B.Development of transportation
  3. C.Development of traders' unions
  4. D.Development of currencies.
Show the answer and explanation

Answer: C (Development of traders' unions)

Explanation

Money, banks and transport made trade possible on a large scale; traders' unions played only a small part.