JAMB Economics 2018 Objective — Question 3

Question 3 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2018 Objective paper, with the correct answer and a full explanation.

The value of money will appreciate if

A. Government executes a project
B. Deficit budget is employed
C. Balance of payment is favourable
D. Surplus budget is employedCorrect

Explanation

A surplus budget reduces the money in circulation, which increases the value/purchasing power of money.

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