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what is the basic equation of money. This equation MVPQ is an identity equation and is called the equation of exchange. The letter M stands for money.
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Median response time is 34 minutes and may be longer for new subjects. The equation for quantity theory of money can be described by MV PT. The letter M stands for money.
Monetary economics is a branch of economics that studies different theories of money.
The P stands for the average price level. The value of money can be described by supply and demand of money the same as we determine the supply and demand of commodities. The accounting equation is also called the basic accounting equation or the. FV 1000000 1 01365 1365 1105156.
