Question
Fisher’s cash transaction equation is expressed
asÂSolution
Fisher’s 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).
Statements: E < S = F < G, H < A ≥ F ≤ B
Conclusion:
I. B > E
II. H ≤ GÂ
Statements: Q < R = S ≥ T = U; S < V; S = X
Conclusion: I. X ≥ U II. V < Q
Statements: C % K, K @ L, L & U, U $ G
Conclusions: I.G @ L II. C @ L III. C @ G
...Statements: Z > X > D > H ≤ M ≥ N = G
Conclusion
I: M > X
II: H > Z
Statements: V < P ≤ F = Y, Y < O ≤ J < SÂ
Conclusions:
I. V ≤ O
II. F < J
III. S > P
Statements: E * M, M # N, N $ K
Conclusions: a) E * NÂ Â Â Â Â b) M $ K
Statements:
4 > B ≥ 8; V ≤ Z < 4; T > 8 ≥ H
Conclusions:
I. 4 > T
II. Z < 8
III. H < 4
Statements: P > R = S; T > S > U; Q < U = V
Conclusions:
I. Q < P
II. T > V
III. R ≥ V
Statements: Â A % I, IÂ * Â Q, Q % R, R $ M
Conclusions :
I. Â M # I
II. M # Q
III. I # R
IV. Q % A
Statements: U = T ≥ J < Y ≤ X; C ≥ Z > X ≤ P = S.
Conclusions:
I. J ≤ P
II. S > T