Question no 2676 SSC CGL Tier 1 Genral Awareness Questions and Answers Online Test 54

SSC CGL Tier 1 :: GA Test 54

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1 .

The value of money varies

[ A ] directly with the, interest rate
[ B ] directly with the price level
[ C ] directly with the volume of employment
[ D ] inversely with the price level

Answer : Option D

Explanation :

The variation in the value of money is always accompanied by opposite variation in the price of commodities and services. In brief, the value of money varies inversely with the price level. It is reciprocal of price level

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