Economics · Money and Inflation
Choose the correct statement(s) from the following: i. It is difficult to carry one's wealth under a barter system of transactions. ii. Money is highly perishable and it cannot be stored for future use. iii. An increase in the general price level diminishes the purchasing power of currency.
- 1Only ii
- 2Only i and ii
- 3Only ii and iii
- 4Only i and iii✓
Correct answer
Only i and iii
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