Forms and qualities of money - Jamb Commerce Past Questions and Answers

Question 6:

• JAMB 2009

The characteristics which ensures that money is free from forgery is its?

A. Legality
B. Durability
C. Recongnition
D. Credibility

Question 7:

• JAMB 2010

A characteristics of money which ensures that its value is not lost is?

A. Homogeneity
B. Easy portability
C. Divisibility
D. Relative scarcity

Question 8:

• JAMB 2013

Money is generally accepted for transactions due to

A. The legal backing
B. The rule of law
C. Its acceptability in the global market
D. The Central Bank Governor's signature

Question 9:

• JAMB 2013

Which of the following is a quality of money

A. Availability
B. Scarcity
C. Indivisibility
D. Convertibility

Question 10:

• JAMB 2013

Money can be simply be referred to as a

A. Measure of value
B. Standard of value
C. Means of settlement
D. Durable asset for doing business