Which function of money is described in the following statement? It serves as a medium through which business transactions are carried out

Assessment: JAMB UTME - Commerce - 2019 Subject: Commerce

Question 1 Report

Which function of money is described in the following statement?

It serves as a medium through which business transactions are carried out

Answer Details
Since money can be stored, it can accumulated to pay debts and can serve as a medium by which business transactions on credit can be settled.

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