Purchasing power of money can be accesse

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Target Exam

CUET

Subject

-- Applied Mathematics - Section B2

Chapter

Index Numbers and Time Based Data

Question:

Purchasing power of money can be accessed through:

Options:

Simple index

Fisher's index

Consumer price index

Volume index

Correct Answer:

Consumer price index

Explanation:

The correct answer is Option (3) - Consumer price index

Purchasing power of money is measured by changes in the cost of living.

The index used for this purpose is the Consumer Price Index.

The correct answer is: Consumer price index.