JAMB Economics 2018 Objective — Question 20

Question 20 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2018 Objective paper, with the correct answer and a full explanation.

The most unique quality of money is its

A. Durability
B. Value of measure
C. Standard for deferred payment
D. RecognitionCorrect

Explanation

Universal recognition/acceptability is the most unique quality of money, since everyone can easily recognize and accept it wherever used.

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