NABTEB Economics 2022 Objective — Question 35

Question 35 of 50 from the National Business and Technical Examinations Board (NABTEB) Economics 2022 Objective paper, with the correct answer and a full explanation.

An example of commodity money is

A. currency note
B. mobile money
C. cheques
D. silverCorrect

Explanation

Commodity money is money that also has value/use as a commodity in itself; examples include gold, silver, cowries and diamond.

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