Which of the following is not a form of money?

Assessment: WAEC SSCE - Economics - 2012 (Objective) Subject: Economics

Question 1 Report

Which of the following is not a form of money?

Answer Details
Bank balance is not a form of money, as it is simply a record of how much money a person or company has in their bank account. It is not a physical object that can be used to make purchases or transactions directly. In contrast, coins, bank notes, and bank deposits can all be used as forms of money in various contexts.
Read lesson note on Banking (JAMB)
Read lesson note on Money And Inflation (JAMB)
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