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Money could be defined as

Money could be defined as
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Options A, B and C
  • B Medium of exchange
  • C Settlement of debt
  • D Medium of payment
Correct Answer: Option A
Explanation:
Money can be defined as anything that is generally acceptable as a medium of exchange (means of payment) and in the settlement of debt. It can also be defined as a medium of exchange recognized by law.

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