V in the equation of exchange stands for the:
A) value of money.
B) dollar value of GDP.
C) variation in the consumer price index.
D) number of times each dollar is spent on new goods and services during one year.

Question

Quizplus · Accepted Answer

V in the equation of exchange represents the velocity of money, which is the number of times each dollar is spent on new goods and services during one year.

V in the Equation of Exchange Stands for The