In the equation of exchange, m x v = p x q, the v represents ___________________ the average amount of money in circulation the

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iren2701 [21]

3 years ago

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In the equation of exchange, m x v = p x q, the v represents ___________________ the average amount of money in circulation the

average frequency with which a dollar is spent the average price level quantity purchased

Business

1 answer:

Aneli [31] · Answer 1 · 2022-05-02T09:27:44+03:00

In the equation of exchange, m x v = p x q, the v represents velocity the average amount of money in circulation the average frequency with which a dollar is spent the average price level quantity purchased. Velocity is the rate that money is exchanged in a given economy, the money is usally measured in a ratio format. To find the velocity, use the ratio of the gross national product over the companies supply of money that they have.