Which of the following facilitates settlement for sub-regional indebtedness?

Assessment: WAEC SSCE - Commerce - 1998 (Objective) Subject: Commerce

Question 1 Report

Which of the following facilitates settlement for sub-regional indebtedness?
Answer Details
The correct option is: The West African Clearing House. The West African Clearing House (WACH) was established by the Economic Community of West African States (ECOWAS) in 1989 to facilitate the settlement of sub-regional indebtedness. WACH serves as a mechanism for clearing and settling multilateral payments among member countries in their respective currencies. The organization aims to promote trade and investment within the region by providing a secure and efficient system for settling cross-border payments, which reduces the cost and risk of transactions. Therefore, the West African Clearing House is the option that facilitates settlement for sub-regional indebtedness.

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning