WAEC Commerce 2020 Question 3

Question 3

Money

A form of money which was not used in the early days of trade is

  1. A.tobacco.
  2. B.metal bars.
  3. C.cowries.
  4. D.coins.
Show the answer and explanation

Answer: D (coins.)

Explanation

Early trade used commodity money such as cowries, tobacco and metal bars; minted coins came later.