passwella.
Menu

WAEC Commerce 2005 Question 37

Question 37

Introduction to Commerce

Commercial activities among West African countries are greatly hindered by

  1. A.nationalization decree
  2. B.lack of an acceptable medium of exchange
  3. C.good road network
  4. D.too many commercial banks.
Show the answer and explanation

Answer: B (lack of an acceptable medium of exchange)

Explanation

Each country has its own currency and there is no common acceptable currency, which hinders trade.