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JAMB Economics 1981 Question 9

Question 9

Money and Inflation

Money becomes a very poor store of value in a period of

  1. A.deflation
  2. B.stable prices
  3. C.recession
  4. D.inflation
  5. E.harvest.
Show the answer and explanation

Answer: D (inflation)

Explanation

During inflation prices keep rising, so money saved loses its buying power.