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An example of commodity money is

Economics
JAMB 2022

An example of commodity money is

  • A. currency note
  • B. mobile money
  • C. cheques
  • D. silver
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Correct Answer: Option D
Explanation

Commodity money are money who has value has money and commodity e.g. gold, silver coin, diamond, cattle, bead etc.

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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
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