The value of a goods or service stated in money terms.

• A. Principal
• B. Price
• C. Overhead
• D. Population

Answer: (B)

Price is the monetary value of a good or service. It’s the amount customers pay and sellers receive, expressed in money terms, which is exactly what the prompt describes. The other terms don’t fit: principal is the amount borrowed or invested, not the price of a specific item; overhead means indirect costs of running a business, not the price of a product; population is simply the number of people, unrelated to the value of goods or services.