ExamPlay Light Logo
Inicieu la sessió

JAMB - Commerce (2017 - No. 5)

An instrument used in lieu of legal tender is known as ______?
Token money
commodity money
fiat money
representative

Explicació

Money is a type of asset in an economy that is used to buy goods and services from other people. A commodity is a physical item that is interchangeable with another item of the same type or value.

This is the use of specific commodity as a form of money. Its value as a piece of metal is the same with its value as a piece of money.

Comentaris (0)

Inicieu sessió per comentar
Anunci
BrainBehindX Inc Logo
©2026; Desenvolupat per BrainBehindX Inc