Economics WAEC

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

A. size of workers
B. general price
C. total level of savings
D. total amount of loans granted by the banks

Correct Answer: Option B

B. general price

Explanation

The value of any good is determined by its supply and demand and the supply and demand for other goods in the economy. A price for any good is the amount of money it takes to get that good. the value is inherent in its purchasing power which is the price

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