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WAEC Commerce 2011 Question 38

Question 38

Introduction to Commerce

Use the diagram (Production divided into X, Commerce and Direct Services; Commerce divided into Y and U; Y divided into Banking & Finance, Z, Insurance, Advertising, Transport and Communication) to answer the question. The box marked 'Y' stands for

Diagram for this question
  1. A.Wholesale.
  2. B.Indirect services.
  3. C.Aids to trade.
  4. D.Foreign trade.
Show the answer and explanation

Answer: C (Aids to trade.)

Explanation

Banking, insurance, advertising, transport and communication are aids to trade, so Y is aids to trade.