WAEC Commerce 2026 Question 29

Question 29

Money

The function of money that could motivate farmers to sell their produce and buy other goods later is

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

Answer: A (store of value)

Explanation

Money keeps its value over time, so farmers can sell now, hold the money and buy later.