The problem is that an ordinary multi-meter can measure the resistance, but not inductivity or impedance.
So it can only measure ac/dc values only, but not really coils or the RF aspect of a component.
That's also why some capacitors or transistors are appearing to be apparently fine, but in the end, the circuit (say a radio) still doesn't work, because the meter is unable to detect their usability for RF.
For such things, an L/C meter is required.
It can be used to retrieve inductivity and with some formula you can calculate the right value for the impedance (beware, frequency dependant; formula has to include "f").
Or you use a square-wave signal generator (AF/RF), a variable resistor and a scope.
With these you can make out at which value the signal correctly appears and check the val. resistor's value with an ohm meter.
A multi-meter alone can be used to guess the high-impedance/inductivity and low-impedance/inductivity sides of a transformer, at best.
Edit: Text completed.
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