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The West African Clearing House(WACH)was established to

Commerce
WAEC 2004

The West African Clearing House(WACH)was established to

  • A. dredge the rivers in West Africa for easy navigation
  • B. expand the volume of traffic within member countries
  • C. cordinate the efforts to member states to tap their natural resources
  • D. promote the use of currencies of all members for inter regional trade
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Correct Answer: Option D
Explanation

One of the major aims for the establishment of the West African Clearing House is to promote the use of members' currencies for sub-regional trade and other transactions, bringing about savings in the use of members' foreign reserves.

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