Before the advent of legal tender and credit instrument, ...
Before the advent of legal tender and credit instrument, which of the following was used as a medium of exchanged?
Currency notes
Cowries
Cheques
Bankdrafts
Correct answer is B
Cowries where used as a medium of exchange by traders during the barter system. The cowrie currency had enabled the economy to overcome the inherent problems of the barter exchange system.
The main factors militating against the rapid growth of trade in Nigeria are? ...
An example of service rendering trade association is ...
An obstacle to international trade is? ...
Industry is a branch of production because it? ...
When C.I.F is quoted on an invoice, it means that the price includes the ...
The law which stipulate that labels should give an accurate account of a product is the? ...
The value of a product expressed in monetary terms is known as ...