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The value of money depends primarily on?
Question 1
Report
The value of money depends primarily on?
the gold backing of the currency
the gold backing of both currency and deposit
the general price level
government decree that it is legal tender
none of the above
Answer Details
Read lesson note on The Theory Of Price Determination (JAMB)
Read lesson note on Money And Inflation (JAMB)
The Theory Of Price Determination
Money And Inflation
View Answer