WAEC Commerce 2022 Question 1

Question 1

Introduction to Commerce

An article used as a means of exchange in the early days of trade in West Africa was

  1. A.Cedi
  2. B.Cowrie
  3. C.Dalasi
  4. D.Naira
Show the answer and explanation

Answer: B (Cowrie)

Explanation

Before modern currencies, cowrie shells were widely accepted as money in West Africa. Cedi, dalasi and naira are modern currencies.