The value of money will fluctuate in response to the laws of supply and demand just as the value of a corn crop will fluctuate by the same laws.

Question

Quizplus · Accepted Answer

The statement is true. The value of money, like any other good or commodity, is subject to changes in supply and demand, which can affect its purchasing power and exchange rate with other currencies. Similarly, the price of corn, for example, will go up or down depending on how much is available on the market and how much people want to buy or sell it. In both cases, the law of supply and demand plays a crucial role in determining the value of the respective asset.

The Value of Money Will Fluctuate in Response to the Laws