Which of the Following Expresses the Equation of Exchange

question 68

Multiple Choice

Which of the following expresses the equation of exchange?

• A) MY = PV
• B) MV = Y
• C) MV = PY
• D) MP = VY

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Definitions:

John L. O'Sullivan

A 19th-century American journalist who coined the term "Manifest Destiny," embodying the belief that the United States was destined to expand across the North American continent.

Divine Mission

A belief or perception that one has been chosen or called by a higher power to carry out a significant purpose or task.

Manifest Destiny

The 19th-century doctrine or belief that the expansion of the United States throughout the American continents was both justified and inevitable.