passwella.
Menu

WAEC Commerce 2023 Question 27

Question 27

Money

The function of money that makes it generally acceptable is

  1. A.medium of exchange.
  2. B.standard of deferred payment.
  3. C.store of value.
  4. D.unit of account.
Show the answer and explanation

Answer: A (medium of exchange.)

Explanation

Because everyone accepts money in exchange for goods and services, it serves as a medium of exchange.