JAMB Accounting 2018 Objective — Question 27

Question 27 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2018 Objective paper, with the correct answer and a full explanation.

The current growth in the volume of trading and financial dealings in Nigeria is helped by

A. credit as a factor in businessCorrect
B. payment for goods in cash
C. increased financial activities
D. government intervention

Explanation

Credit facilitates trade by allowing transactions without the immediate exchange of cash, helping the growth in volume of trading and financial dealings.

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