The notion that the value of money is determined by the overall quantity of money in existence is known as the:
A) quantity theory of money.
B) money quantity theory.
C) price level theory.
D) level theory of prices.

Question

Quizplus · Accepted Answer

The notion that the value of money is determined by the overall quantity of money in existence is known as the quantity theory of money. Therefore, the best choice is A, as it directly corresponds to this concept. The other answer options are not accurate or commonly used terminology to describe this theory.

The Notion That the Value of Money Is Determined by the Overall