JAMB Commerce 2015 Objective — Question 7

Question 7 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2015 Objective paper, with the correct answer and a full explanation.

Money can simply be referred to as a

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

Explanation

All the functions of money fall under its core ability to act as a means of settlement of debts and obligations.

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