The quantity theory of money states that M x V = P x Q.

Name: The quantity theory of money states that M x V = P x Q.
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The quantity theory of money equation is expressed as M x V = P x Q, where M represents the total supply of money in the economy, V represents the velocity of money (i.e. how frequently money changes hands), P represents the average price level of goods and services, and Q represents the quantity of goods and services produced in the economy.

The Quantity Theory of Money States That M X V