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WAEC Economics 1998 Question 27

Question 27

International Economic Organisations

The West African Clearing House was established to

  1. A.finance development projects in Africa
  2. B.enhance financial transaction among member countries
  3. C.provide technical assistance to member countries
  4. D.stabilize price in developing countries
  5. E.service the debts of the Africa countries
Show the answer and explanation

Answer: B (enhance financial transaction among member countries)

Explanation

The West African Clearing House settled payments between member countries in their own currencies, easing financial transactions.