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Money can be simply be referred to as a

Commerce
JAMB 2013

Money can be simply be referred to as a

  • A. measure of value
  • B. standard of value
  • C. means of settlement
  • D. durable asset for doing business
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Correct Answer: Option A
Explanation

 

Money, a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed

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