The tendency of the people to believe the currency of nominal value at present to be equal to purchasing power at a previous point is called
A. Legal tender money
B. Demonetisation
C. Money illusion
D. Remonetisation
Answer:C
The tendency of the people to believe the currency of nominal value at present to be equal to purchasing power at a previous point is called
A. Legal tender money B. Demonetisation C. Money illusion D. Remonetisation