If we put this letter in the blank space, we get quantity theory of money PY = M

Related MCQs

• If quantity of money increases 100%, other things remaining constant, value of money changes by:
• Quantity Theory of Money explains that:
• It is assumption of quantity theory of money:
• In the equation PY = MV showing quantity theory of money. Y represents:
• The quantity demanded of money rises:
• Old age pension is “National Old Age Pension Schemes”, “Interest payments”, “Subsidies”, “Unemployment allowances”, “Welfare benefits to weaker sections, etc.” By incurring such expenditure, the government does not get anything in return, but it adds to the welfare of the people, especially belong to the weaker sections of the society. Such expenditure basically results in redistribution of money incomes within the society.
• Velocity of circulation of money means the number of times a unit of money
• When the nation's money supply is Rs. 1200 billion and GDP is Rs. 4800 billion, velocity of circulation money is:
• Value of money and supply of money are related:
• Consider the following statements and identify the right ones. i. National income is the monetary value of all final goods and services produced. ii. Depreciation is deducted from gross value to get the net value