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WAEC Commerce 2004 Question 50

Question 50

Economic Integration

The West African Clearing House (WACH) was established to

  1. A.dredge the rivers in West Africa for easy navigation
  2. B.expand the volume of traffic within member countries
  3. C.coordinate the efforts to member states to tap their natural resources
  4. D.promote the use of currencies of all members for inter regional trade.
Show the answer and explanation

Answer: D (promote the use of currencies of all members for inter regional trade.)

Explanation

The West African Clearing House let member states settle trade payments in their own currencies.