WAEC Commerce 2023 Objective — Question 27
Question 27 of 50 from the West African Examinations Council (WAEC) Commerce 2023 Objective paper, with the correct answer and a full explanation.
Advertisement
The function of money that makes it generally acceptable is A. a medium of exchange.
- A. a medium of exchange
- B. standard of deferred payment
- C. store of value
- D. unit of accountCorrect
Explanation
The unit of account function is the major reason that makes money generally acceptable because all goods can be given a unit in terms of figure.
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.