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Which of the following is true about the value of money?
Classroom
Economics Classroom
Jamb
Jamb 1998
Money And Inflation
The Value Of Money And The Price Level
More Topics
Which of the following is true about the value of money?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
It varies inversely with the price level
B
It varies directly with the price level
C
It depreciates in the period of deflation
D
It is not affected by the price level
Show Answer
Show Explanation
Correct Answer:
Option A
Explanation:
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