The value of money and the price level - Jamb Economics Past Questions and Answers

Question 11:

• JAMB 2000

A persistent rise in the general level of prices implies?

A. An increase in some prices
B. A one-time rise in prices
C. A steady fall in the purchasing power of money
D. That the higher the price level, the more the value of money

Question 12:

• JAMB 2013

The speculative demand for money is inversely related to the

A. Interest rate
B. Level of income
C. Exchange rate
D. Inflation rate

Question 13:

• JAMB 2020

A major factor affecting the value of money is the?

A. Price level
B. Banking habits
C. Transaction motive
D. Divisible nature of money

Question 14:

• JAMB 2021

The value of money depends primarily on ____________

A. The gold backing of the currency
B. The general price level
C. Government decree that it is legal tender
D. None of the above