WAEC Economics 2025 Objective — Question 39
Question 39 of 51 from the West African Examinations Council (WAEC) Economics 2025 Objective paper, with the correct answer and a full explanation.
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Which of the following is not a form of money?
- A. Bank notes
- B. Current account deposits
- C. Promissory notesCorrect
- D. Fiat coins
Explanation
Promissory notes are credit instruments/IOUs, not a recognised form of money like notes, coins, or bank deposits.
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