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Money is generally acceptable for transaction due to

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Commerce JAMB 2023

Money is generally acceptable for transaction due to

  • the central bank's governor's signature
  • the rule of the law
  • its acceptability in the global market
  • the legal backing checkmark

The correct answer is: D

Explanation

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country.

Legal tender is any official medium of payment recognized by law that can be used to extinguish a public or private debt, or meet a financial obligation

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