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Explain Why It Makes Sense That the Equation of Exchange,M

question 126

Essay

Explain why it makes sense that the equation of exchange,M *V * P * Y,would be true by definition.


Definitions:

Encryption

The method of transforming data or information into a secret code to protect it from unauthorized entry.

Digital Certificate

A digital form of identification issued by a trusted authority to verify the authenticity of an entity or device online.

Password

A secret word or phrase used to verify the identity of a user during the authentication process.

Two-factor Authentication

An enhanced security process requiring two different forms of identification from the user before granting access to an account or system.

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