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WAEC Commerce 2018 Question 12

Question 12

Foreign Trade

Multilateral trade is carried out

  1. A.between two countries only.
  2. B.within many countries.
  3. C.among many countries.
  4. D.between neighbouring countries only.
Show the answer and explanation

Answer: C (among many countries.)

Explanation

Multilateral trade is trade among many countries at the same time; trade between two countries is bilateral.