JAMB Commerce 2013 Objective — Question 29

Question 29 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2013 Objective paper, with the correct answer and a full explanation.

Money can simply be referred to as

A. a standard of value
B. means of settlementCorrect
C. durable asset in doing business
D. measure of value

Explanation

The general function of money is that it serves as the means of settlement of all types of transactions.

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