The equation of exchange shows that
A) P = (M ÷ V) × Y.
B) P = (M × Y) ÷ V.
C) P = (V × M) × Y.
D) P = (M × V) ÷ Y.
E) P - Y = M + V.

Name: The equation of exchange shows that A) P = (M ÷ V) × Y. B) P = (M × Y) ÷ V. C) P = (V × M) × Y. D) P = (M × V) ÷ Y. E) P - Y = M + V.
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Question

Quizplus · Accepted Answer

The equation of exchange is given by MV = PY, which can be rearranged to P = (M × V) ÷ Y.

The Equation of Exchange Shows That