The equation of exchange states

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25-04-2021
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The equation of exchange states

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josuesebastiancabani josuesebastiancabani · Answer 1 · 2021-04-25T02:01:18+02:00

[tex] \texttt{The equation of exchange states}[/tex]

Anatomy of the Exchange Equation There are different variants of the equation
(M * V = P * T, M * V = P * Y, M * V = P * Q,
to take the simplest), but none of them is substantially different from the original formula of Fisher:
[tex]{\boxed{ \boxed{ \bold{M * V = P * T.}}}}[/tex]

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[tex] \bold{BRAINLYMENTALMENTE}[/tex]

fatima675 fatima675 · Answer 2 · 2021-04-25T02:03:03+02:00

fatima675 fatima675

25-04-2021

The equation of exchange is a mathematical expression of the quantity theory of money. In its basic form, the equation says that the total amount of money that changes hands in an economy equals the total money value of goods that change hands, or that nominal spending equals nominal income.

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