WAEC Economics 2014 Objective — Question 29
Question 29 of 50 from the West African Examinations Council (WAEC) Economics 2014 Objective paper, with the correct answer and a full explanation.
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Money will serve as a standard of deferred payment if it is
- A. homogeneous
- B. durable
- C. easily recognized
- D. stable in valueCorrect
Explanation
Stability of money means there are less frequent price changes. This will allow money to be kept as a store of value without losing its worth.
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