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WAEC Commerce 2012 Question 25

Question 25

Economic Integration

Which of the following is not an economic grouping?

  1. A.Lake Chad Basin Commission
  2. B.Economic Community of West African States
  3. C.European Union
  4. D.International Monetary Fund
Show the answer and explanation

Answer: D (International Monetary Fund)

Explanation

The IMF is a world financial institution, not a grouping of countries for economic integration; the EU is an economic grouping.