Hello Friends! Welcome to the eBuzzPro.com blog. And in today’s article we will know that “The Purchasing Power of Money Depends Upon The ____.”? By the way, people are searching this question very much on Google in India.
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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