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JAMB Commerce 2013 Question 28

Question 28

Money

Which of the following is a quality of money?

  1. A.Availability.
  2. B.Scarcity.
  3. C.Indivisibility.
  4. D.Convertibility.
Show the answer and explanation

Answer: B (Scarcity.)

Explanation

Money must be relatively scarce; if anyone could get as much as they want, it would lose its value.