JAMB Commerce 2018 Objective — Question 25

Question 25 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2018 Objective paper, with the correct answer and a full explanation.

A form of money that has gone out of use is a

A. commodity moneyCorrect
B. bank money
C. paper money
D. foreign money

Explanation

Commodity money is money whose value is external to the business itself (e.g. cowries); most commodity monies are no longer in use today.

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