JAMB Commerce 2015 Objective — Question 29

Question 29 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2015 Objective paper, with the correct answer and a full explanation.

Trading position of Nigeria is the same as her

A. desire to trade with many countries
B. terms of trade
C. willingness to grant credit to foreigners
D. balance of tradeCorrect

Explanation

Nigeria's trading position refers to her balance of trade — the difference between the value of her exports and imports.

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