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WAEC Economics 2017 Question 35

Question 35

Money and Inflation

A measure of the value of money in an economy is the

  1. A.size of workers' income.
  2. B.general price level.
  3. C.total level of savings.
  4. D.total amount of loans granted by the banks.
Show the answer and explanation

Answer: B (general price level.)

Explanation

The value of money moves opposite to the general price level.