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In Nigeria, cheques are not money because?

Economics
JAMB 1980
In Nigeria, cheques are not money because?
  • A. their use is confined to business houses
  • B. there are no banks in rular areas
  • C. they are not legal tender
  • D. they are not generally acceptable as a medium of exchange
  • E. most Nigerians cannot identify them
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Correct Answer: Option C
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - 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