What is money - Quantity theory of money
4 important questions on What is money - Quantity theory of money
What is the quantity theory of money?
Why is money like any other commodity?
Whats the Fisher Equation for money supply?
M: amount of money
V: Velocity of circulation
P: overall price level
T: Volume of goods and services transacted (Real GDP)
M directly influences the nominal income
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
Why is the average if US currency held per person so high? (4.000$)
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding