The Purchasing Power of Money Depends Upon The ____.

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The Purchasing Power of Money Depends Upon The ____.

A. Price Level
B. Demand for Money
C. Credit Availability
D. None of The Above

Answer (A) Price Level

Explain – A rise in inflation /price levels means less goods can be purchased for the same amount & vice versa. Rest all options do not directly affect the purchasing power of money.

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