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Money is generally acceptable for transaction due to

Money is generally acceptable for transaction due to
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A The central bank's governor's signature
  • B The rule of the law
  • C Its acceptability in the global market
  • D The legal backing
Correct Answer: Option D
Explanation:
Money is generally accepted as a means of payment because it has legal backing and is recognized as an acceptable medium for settling debts and conducting transactions. Legal recognition strengthens confidence in the currency.

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