A major factor affecting the value of money is the?
ECONOMICS
JAMB 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
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