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

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Economics WAEC 2017

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

  • size of workers
  • general price checkmark
  • total level of savings
  • total amount of loans granted by the banks

The correct answer is: B

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 ofmoney it takes to get that good. the value is inherent in its purchasing power which is price

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