JAMB Commerce 2022 Objective — Question 27

Question 27 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2022 Objective paper, with the correct answer and a full explanation.

27. Factoring is not applicable to one of the following

A. (A) importers
B. (B) exporters
C. (C) nationsCorrect
D. (D) shipper

Explanation

Factoring is usually an instrument used in international trade between businesses (importers, exporters, shippers), so it is not applicable to a nation as a whole.

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