A major factor affecting the value of money is the?
ECONOMICSJAMB 2020
A major factor affecting the value of money is the?
- A. price level
- B. banking habits
- C. transaction motive
- D. divisible nature of money
Correct Answer: A. price level
Explanation
The prevailing price level is one of the major factors that affect the value of money. A rise or decline in prices of goods and services has a direct effect on the value of money
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly.
Your email address will not be published. Required fields are marked *