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The function of money that enables credit purchases of goods and services is 

Economics
WAEC 2024

The function of money that enables credit purchases of goods and services is 

  • A. unit of account.
  • B. store of value
  • C. standard for deferred payment.
  • D. D. relative scarcity.
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Correct Answer: Option C
Explanation

C: Money as standard for deferred payment makes it possible that payment for goods made in the future.

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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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