passwella.
Menu

WAEC Economics 1991 (August) Question 33

Question 33

Money and Inflation

Which of the following is a function of money? It is

  1. A.portable
  2. B.a standard of deferred payment
  3. C.relatively stable in value
  4. D.generally acceptable
  5. E.an easily divisible item.
Show the answer and explanation

Answer: B (a standard of deferred payment)

Explanation

Serving as a standard for deferred (future) payments is a function; the others are qualities of good money.