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JAMB Economics 1981 Question 28

Question 28

Money and Inflation

Which of the following does NOT belong in respect of the quantity of money?

  1. A.Durability
  2. B.Divisible into the smallest units of value
  3. C.Portable
  4. D.Identifiable by all
  5. E.Measure of value.
Show the answer and explanation

Answer: E (Measure of value.)

Explanation

Durability, divisibility, portability and recognisability are qualities of good money; measure of value is a function of money, not a quality.