WAEC Commerce 2020 Objective — Question 3

Question 3 of 50 from the West African Examinations Council (WAEC) Commerce 2020 Objective paper, with the correct answer and a full explanation.

A form of money which was not used in the early days of trade is

A. tobacco
B. metal bars
C. cowries
D. coinsCorrect

Explanation

Coins is one of the newest forms of money; tobacco, metal bars and cowries were used as forms of money/medium of exchange in early trade before coins were introduced.

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