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

Assessment: JAMB UTME - Principles of Accounts - 2001 Subject: Financial Accounting

Question 1 Report

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

Answer Details
The current growth in the volume of trading and financial dealings in Nigeria is helped by increased financial activities. With the growth in the Nigerian economy, more people are involved in trading and financial dealings. This has led to an increase in the number of financial institutions and products such as banks, investment companies, stockbrokers, and insurance companies. As a result, more Nigerians have access to credit facilities and other financial products, which in turn has helped to boost business activities and increase the volume of trade. Therefore, it can be concluded that increased financial activities have played a significant role in the current growth in the volume of trading and financial dealings in Nigeria.
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