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WAEC Commerce 1994 Question 65

Question 65

Money

Which of the following must any form of money possess in order to be generally acceptable?

  1. A.Divisibility
  2. B.Mobility
  3. C.Durability
  4. D.Legality
  5. E.Scarcity
Show the answer and explanation

Answer: D (Legality)

Explanation

Money backed by law (legal tender) must be accepted by everyone.