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Because money serves as a standard for deferred payments
Classroom
Economics Classroom
Jamb
Jamb 1985
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Because money serves as a standard for deferred payments
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
It serves as a store of value
B
Goods can be bought on credit with pre-determined value
C
Future trade becomes possible
D
It serves as a unit of account
E
It becomes valuable
Show Answer
Show Explanation
Correct Answer:
Option B
Explanation:
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Accounts - Principles of Accounts
Animal Husbandry
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