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JAMB Commerce 2009 Question 36

Question 36

Money

The characteristic which ensures that money is free from forgery is its

  1. A.legality
  2. B.durability
  3. C.recognition
  4. D.credibility
Show the answer and explanation

Answer: A (legality)

Explanation

Money is legal tender issued only by the central bank; its legal backing and security features protect it against forgery.