Money could be defined as

Economics

JAMB 2023

A. Options A, B and C
B. Medium of exchange
C. Settlement of debt
D. Medium of payment

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Correct Answer: Option A

Explanation

Money can be defined as anything that is generally acceptable as a medium of exchange (means of payment) and in the settlement of debt. It can also be defined as a medium of exchange recognized by law.

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Money could be defined as

Correct Answer: Option A

Explanation

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