The rate at which money is exchanged for goods and services is called

Question

Quizplus · Accepted Answer

The rate at which money is exchanged for goods and services is called price. The market refers to the overall environment where buying and selling of goods and services take place. Profit refers to the amount earned after deducting the cost of production. Inflation refers to the increase in the general price level of goods and services in an economy over a period of time.

The Rate at Which Money Is Exchanged for Goods and Services