passwella.
Menu

WAEC Commerce 2011 Question 29

Question 29

Foreign Trade

Which of the following distinguishes home trade from foreign trade?

  1. A.Payments are easily arranged
  2. B.Taxes are levied
  3. C.Goods have to be warehoused
  4. D.Middlemen are not required.
Show the answer and explanation

Answer: A (Payments are easily arranged)

Explanation

In home trade one currency is used, so payment is easy; foreign trade needs foreign exchange.