MCQOPTIONS
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| 1. |
If the rate of inflation increases then the- |
| A. | purchasing power of money increases. |
| B. | purchasing power of money decreases. |
| C. | purchasing power of money remains uneffected. |
| D. | All of these |
| E. | None of these. |
| Answer» C. purchasing power of money remains uneffected. | |