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WAEC Government 2000 Question 48

Question 48

ECOWAS

One of the problems facing the Economic Community of West African States (ECOWAS) is that

  1. A.member states do not attend meetings regularly
  2. B.member states do not have a common currency
  3. C.some member states want to contribute larger funds to the community
  4. D.It is a rival to the Organization of African Unity.
Show the answer and explanation

Answer: B (member states do not have a common currency)

Explanation

Many different currencies (CFA franc, naira, cedi, etc.) make trade among members difficult; a single ECOWAS currency is still only planned.