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Commerce · Commerce and its scope

CommerceCommerce and its scopeJAMB

Which of the following is an aid to trade?

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Answer: D. Insurance

Aids to trade remove hindrances to exchange; insurance removes the hindrance of risk. Retailing is trade itself, while manufacturing and mining are production.

An AdmitMe practice question, written for the JAMB syllabus. Not an official past question.

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