WAEC Economics 2006 Question 28

Question 28

Money and Inflation

Which of the following is a legal tender in West Africa?

  1. A.Treasury bill
  2. B.Share
  3. C.Credit card
  4. D.Currency.
Show the answer and explanation

Answer: D (Currency.)

Explanation

Legal tender is money that must by law be accepted in payment: the notes and coins (currency).