The velocity of money is equal to PQ/M. Hence, V = PQ/M. This is related to the equation

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The velocity of money is equal to PQ/M. Hence, V = PQ/M. This is related to the equation of exchange and is just a rearrangement of the equation MV = PQ.

   a. true

   b. false

 

  • 11 years ago
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The velocity of money is equal to PQ/M. Hence, V = PQ/M. This is related to the equation
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