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A major factor affecting the value of money is the?

A major factor affecting the value of money is the?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Price level
  • B Banking habits
  • C Transaction motive
  • D Divisible nature of money
Correct Answer: Option A
Explanation:
The prevailing price level is one of the major factors that affect the value of money. rise or decline in prices of goods and services has a direct effect on the value of money.

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