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:

Diptych

A two-paneled painting or altarpiece; also, an ancient Roman, Early Christian, or Byzantine hinged writing tablet, often of ivory and carved on the external sides.

Miraculous Draft

A biblical event depicted in the Gospels where Jesus instructs Simon Peter to cast his nets into the sea, resulting in a miraculously large catch of fish.

Flanders

A historical region now divided among Belgium, France, and the Netherlands, known for its flourishing art, commerce, and culture during the Middle Ages and Renaissance.

Holy Roman Empire

A multi-ethnic complex of territories in central Europe that developed during the early Middle Ages and lasted until its dissolution in 1806, ruled by the Holy Roman Emperor.