JAMB Commerce 2007 Objective — Question 6

Question 6 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2007 Objective paper, with the correct answer and a full explanation.

The function of money that facilitates the comparison of the quality of goods as a basis of exchange is the

A. store of value
B. medium of exchange
C. measure of valueCorrect
D. unit of account

Explanation

Money as a measure of value ensures each product is valued in monetary terms, allowing comparison of goods.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Commerce 2007 Objective More Commerce past papers