JAMB Economics 2021 Objective — Question 1
Question 1 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2021 Objective paper, with the correct answer and a full explanation.
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1. One of the following is not a function of money a. It serves as store of value b. It encourages trade by barter c. It is a standard for deferred payment d. It serves as a unit of measurement
- A. It serves as store of value
- B. It encourages trade by barterCorrect
- C. It is a standard for deferred payment
- D. It serves as a unit of measurement
Explanation
Money was introduced to solve the problem of trade by barter, so money could not have encouraged the very practice it replaced.
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