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WAEC Commerce 1995 Question 18

Question 18

Foreign Trade

A trade in which many countries exchange goods and services is called

  1. A.bilateral trade
  2. B.entrepot trade
  3. C.economic union
  4. D.multilateral trade
  5. E.counter trade
Show the answer and explanation

Answer: D (multilateral trade)

Explanation

Multilateral trade involves many countries trading with one another.