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WAEC Commerce 1998 Question 65

Question 65

Economic Integration

Which of the following facilitates settlement of sub-regional indebtedness?

  1. A.Niger Basin Commission (NBC)
  2. B.Lake Chad Basin Commission (LCBC)
  3. C.The West African Clearing House
  4. D.Economic Community of West African States (ECOWAS)
  5. E.International Monetary Fund (IMF)
Show the answer and explanation

Answer: C (The West African Clearing House)

Explanation

The West African Clearing House settles payments between member states' central banks.