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Which of these qualities guarantees the keeping of money for a long period?

Commerce
WAEC 2010

Which of these qualities guarantees the keeping of money for a long period?

  • A. Acceptability
  • B. Divisibility
  • C. Durability
  • D. Homogenity
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Correct Answer: Option C
Explanation

Durability is critical for money to perform the related functions of medium of exchange and store of value.  An item must be able to withstand being used repeatedly.

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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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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent