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WAEC Economics 1999 Question 37

Question 37

Distributive Trade

Commodity market can best be described as a market in which

  1. A.goods are sold
  2. B.labour is sold and bought
  3. C.short-term loans are obtained
  4. D.quoted stock are bought
Show the answer and explanation

Answer: A (goods are sold)

Explanation

A commodity market is where goods are bought and sold.