passwella.
Menu

WAEC Economics 2007 Question 26

Question 26

Money and Inflation

The most important quality of money is that it must be

  1. A.relatively scarce
  2. B.generally acceptable
  3. C.portable
  4. D.durable.
Show the answer and explanation

Answer: B (generally acceptable)

Explanation

Anything can serve as money only if people generally accept it in payment.