JAMB Economics 2022 Objective — Question 20

Question 20 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2022 Objective paper, with the correct answer and a full explanation.

20. Saving for old age makes money to be regarded as a

A. (A) Medium of exchange
B. (B) Measure of value
C. (C) Unit of account
D. (D) Store of valueCorrect

Explanation

The function of money that ensures it is useful in the future is the store of value function.

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