Which of the Following Is Consistent with the Equation of Exchange

question 97

Multiple Choice

Which of the following is consistent with the equation of exchange?

• A) Total spending must equal the total sales revenues of business firms.
• B) The money supply multiplied by velocity must equal GDP.
• C) The money supply multiplied by velocity must equal the price level times Real GDP.
• D) a and b
• E) a,b and c

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Definitions:

Customer Order Fulfillment

The process of completing a customer's order and ensuring delivery as requested.

Product Preparation

The process of getting goods ready for sale, which may involve assembly, cleaning, or packaging.

Ownership Transfer

The process by which the legal rights of possessing or controlling an asset or property are moved from one entity to another.

Supply Chain Strategy

An approach a company adopts to manage and optimize its supply chain operations, focusing on efficiency, cost reduction, and customer satisfaction.