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The exchange of goods for goods in home trade is known as

Commerce
WAEC 2010

The exchange of goods for goods in home trade is known as

  • A. entrepot trade
  • B. trade by barter
  • C. commodity trade
  • D. distributive trade
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Correct Answer: Option B
Explanation

Barter is involves the provision of one good or service by one party in return for another good or service from another party.

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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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