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Money is generally accepted for transactions due to

Commerce
JAMB 2013

Money is generally accepted for transactions due to

  • A. the legal backing
  • B. the rule of law
  • C. its acceptability in the global market
  • D. the Central Bank Governor's signature
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Correct Answer: Option A
Explanation

Legal backing of money is the legally recognized money within a given a geographical area

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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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