WAEC Commerce 2018 Objective — Question 24
Question 24 of 50 from the West African Examinations Council (WAEC) Commerce 2018 Objective paper, with the correct answer and a full explanation.
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The functions of money do not include
- A. store of value
- B. medium of exchange
- C. double coincidence of wantsCorrect
- D. means of deferred payment
Explanation
Double coincidence of wants is a problem of the barter system, not a function of money — in fact money exists to eliminate this problem.
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