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JAMB Commerce 2002 Question 28

Question 28

Introduction to Commerce

Given: I. Retail II. Export III. Transport IV. Import V. Insurance VI. Banking and finance VII. Wholesale VIII. Communication.
Which of the above are aids to trade?

  1. A.I, II, III and VIII
  2. B.III, V, VI and VIII
  3. C.I, II, III and VI
  4. D.II, V, VI and VII.
Show the answer and explanation

Answer: B (III, V, VI and VIII)

Explanation

Transport, insurance, banking and communication help trade; retail, wholesale, import and export are branches of trade itself.