As the Price Level Decreases,the Value of Money

question 238

Multiple Choice

As the price level decreases,the value of money

• A)increases,so people must hold less money to purchase goods and services.
• B)increases,so people must hold more money to purchase goods and services.
• C)decreases,so people must hold more money to purchase goods and services.
• D)decreases,so people must hold less money to purchase goods and services.

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Definitions:

Interim Report

A financial statement that reports a company's financial performance for a period shorter than a fiscal year, often quarterly.

Net Of Tax

Refers to the amount remaining after taxes have been deducted, used to describe financial results or figures that are exclusive of tax effects.

Net Realizable Value

Net realizable value is the estimated selling price of goods, minus the estimated costs of completion and the costs necessary to make the sale.

Interim Financial Report

A financial report covering a period of less than one fiscal year that provides an update on a company's financial status.