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JAMB Commerce 1999 Question 50

Question 50

Economic Integration

The proposed monetary integration within ECOWAS sub-region has the overriding benefit of

  1. A.improved exchange
  2. B.enhanced trade
  3. C.enhanced development
  4. D.improved relations.
Show the answer and explanation

Answer: B (enhanced trade)

Explanation

A common currency removes exchange problems and so boosts trade among member states.