NECO Economics 2022 Objective — Question 35
Question 35 of 50 from the National Examinations Council (NECO) Economics 2022 Objective paper, with the correct answer and a full explanation.
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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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