passwella.
Menu

JAMB Commerce 2013 Question 6

Question 6

Foreign Trade

Trading position of Nigeria is the same as her

  1. A.desire to trade with many countries.
  2. B.willingness to grant credit to foreigners.
  3. C.balance of trade.
  4. D.terms of trade.
Show the answer and explanation

Answer: C (balance of trade.)

Explanation

The balance of trade shows whether a country sells more goods abroad than it buys, which is its trading position.