NECO Economics 2007 Objective — Question 25
Question 25 of 60 from the National Examinations Council (NECO) Economics 2007 Objective paper, with the correct answer and a full explanation.
Advertisement
The function of money that enables it to be used in future is
- A. measure of value
- B. medium of exchange
- C. standard of deferred payment
Explanation
Money's store of value function allows it to maintain purchasing power over time for future use.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.