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WAEC Economics 1995 Question 23

Question 23

Money and Inflation

Which of the following does not give a characteristic of money?

  1. A.Durable
  2. B.Portable
  3. C.Divisible into small units
  4. D.Generally acceptable
  5. E.Medium of exchange
Show the answer and explanation

Answer: E (Medium of exchange)

Explanation

Medium of exchange is a function of money, not a characteristic.