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Money could be defined as

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Economics JAMB 2023

Money could be defined as

  • Options A, B and C checkmark
  • Medium of exchange
  • Settlement of debt
  • Medium of payment

The correct answer is: A

Explanation

Money can be defined as anything that is generally acceptable as a medium of exchange (means of payment) and in the settlement of debt. It can also be defined as a medium of exchange recognized by law.

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