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JAMB Commerce 2002 Question 37

Question 37

Foreign Trade

Which of the following involves foreign trade?

  1. A.Supermarkets
  2. B.Chain stores
  3. C.Departmental stores
  4. D.Commodity markets.
Show the answer and explanation

Answer: D (Commodity markets.)

Explanation

Commodity markets deal in goods such as cocoa and coffee traded internationally; the others are home retail outlets.