JAMB Commerce 2015 Objective — Question 31
Question 31 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2015 Objective paper, with the correct answer and a full explanation.
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Which of the following is a quality of money?
- A. availability
- B. scarcityCorrect
- C. convertibility
- D. indivisibility
Explanation
Money must be relatively scarce to retain its value; scarcity is one of the essential qualities of money (along with divisibility, durability, and portability).
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