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    Question

    FisherтАЩs cash transaction equation is expressed

    as┬а
    A PT= MV Correct Answer Incorrect Answer
    B K = M PT Correct Answer Incorrect Answer
    C V = I K Correct Answer Incorrect Answer
    D P = M K Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    FisherтАЩs cash transaction equation is PT = MV . It states that the money supply (M) multiplied by the velocity of circulation (V) is equal to the number of transactions involving money payments (T) times the average price of each transaction (P).

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