JAMB Commerce 2013 Objective — Question 27

Question 27 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2013 Objective paper, with the correct answer and a full explanation.

Money is generally acceptable for transactions due to

A. the rule of law
B. it's acceptability in the global market
C. the Central Bank Governor's signature
D. the legal backingCorrect

Explanation

Money is generally acceptable as a means of exchange because it has legal backing.

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