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JAMB Commerce 2000 Question 26

Question 26

Money

A form of money that has gone out of use is

  1. A.paper money
  2. B.bank money
  3. C.commodity money
  4. D.foreign money.
Show the answer and explanation

Answer: C (commodity money)

Explanation

Commodity money (cowries, salt, etc.) is no longer used; paper and bank money are.