passwella.
Menu

WAEC Economics 2017 Question 36

Question 36

Money and Inflation

One characteristic of money is that it should be

  1. A.a standard for deferred payment.
  2. B.stable in value.
  3. C.a store of value.
  4. D.acceptable by the central bank.
Show the answer and explanation

Answer: B (stable in value.)

Explanation

Stability in value is a quality money should have; a standard of deferred payment and a store of value are functions.