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WAEC Commerce 1998 Question 2

Question 2

Introduction to Commerce

The two main branches of trade are

  1. A.commerce and aids to trade
  2. B.home and foreign trade
  3. C.foreign and entrepot trade
  4. D.wholesale and retail trade
  5. E.visible and invisible trade
Show the answer and explanation

Answer: B (home and foreign trade)

Explanation

Trade is divided into home (domestic) trade and foreign (international) trade.