In the Cambridge equation of M = kPR, the value of k is:
A)M/V
B)1/V
C)V in Fisher's equation
D)None of these

Name: In the Cambridge equation of M = kPR, the value of k is: A)M/V B)1/V C)V in Fisher's equation D)None of these
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The value of $k$ in the Cambridge equation $M = kPR$ is $1/V$, where $V$ is the velocity of circulation of money. This means $k$ represents the reciprocal of the velocity of money, indicating how much money is held for each unit of income.

In the Cambridge Equation of M = KPR, the Value