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SubjectPaid lesson

TRADE II

ClassNotes Team 3 MIN READUPDATED 5 JUL 2026

BUSINESS STUDIES FOR JSS2 FIRST TERM

SUB -THEME: COMMERCE-THE HEART OF BUSINESS

WEEK 7

TRADE II

Performance objectives:

The student should be able to:

    1. Explain the services that make trade easy.
    2. Explain the role of custom and excise in foreign trade.

 

Aids to trade

Aids to trade are the services that make trade easy to carry out. Examples are Banking, insurance, Advertising, Warehousing, Transportation etc.

 

Banking: This is the process of keeping money or other valuables for use at any time. The banks act as a payment agent. They are lenders to the financial system because they provide funds for use by businessmen and women.

 

Insurance: Insurance is a process of passing risk and its…