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JAMB Commerce 2004 Question 36

Question 36

Foreign Trade

The most important function of commerce is

  1. A.helping people to improve their profits
  2. B.facilitating exchanges among individuals and firms
  3. C.assisting trade through banking and insurance
  4. D.enhancing business relationships
Show the answer and explanation

Answer: B (facilitating exchanges among individuals and firms)

Explanation

Commerce exists to make exchange possible, linking producers with consumers through trade and aids to trade.