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JAMB Commerce 2010 Question 31

Question 31

Money

A characteristic of money which ensures that its value is not lost is

  1. A.homogeneity
  2. B.easy portability
  3. C.divisibility
  4. D.relative scarcity.
Show the answer and explanation

Answer: D (relative scarcity.)

Explanation

If money were plentiful it would lose value; being relatively scarce keeps its value.