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WAEC Commerce 1994 Question 97

Question 97

Money

Which of the following features of money facilitates small transactions?

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

Answer: C (Divisibility)

Explanation

Money that can be divided into small units can pay for small purchases.