JAMB Commerce 2015 Objective — Question 38

Question 38 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2015 Objective paper, with the correct answer and a full explanation.

Money is generally acceptable for transaction due to

A. the legal backing
B. the rule of law
C. the Central Bank Governor's signatureCorrect
D. its acceptability in the global market

Explanation

Money (currency notes) is generally acceptable for transactions because of the legal backing represented by the Central Bank Governor's signature.

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