Utme 2019 Economics Question 18

Practice objective / multiple choice question 18 from the 2019 Utme Economics examination. This question covers Economics .

Utme 2019 Economics Objective / Multiple Choice 2 Difficulty
Topic: Economics
Question 18 UTME • 2019 • ECONOMICS • objective

Which of the following is true about the value of money?

Answer Options

A. It is not affected by the price level
B. It depreciates in the period of deflation
C. It varies directly with the price level
Correct Answer D. It varies inversely with the price level
Correct Answer
D
Correct Option:
It varies inversely with the price level

About This Question

This is Utme 2019 Economics Question 18. It is one of the objective questions from the 2019 Utme Economics examination.

The question covers Economics .

Difficulty level: 2 .

View More Utme 2019 Economics Questions More Utme Practice Questions Back to Questions

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