passwella.
Menu

WAEC Economics 2024 Question 36

Question 36

Money and Inflation

The function of money that enables credit purchases of goods and services is

  1. A.unit of account.
  2. B.store of value.
  3. C.standard for deferred payment.
  4. D.relative scarcity.
Show the answer and explanation

Answer: C (standard for deferred payment.)

Explanation

Debts to be paid later are measured in money.