Fisher's quantity theory of money

The general form of equation given by Fisher is

• PT=MV

• MV=PT

• TP=MV

• MV=TP

The quantity theory of money was propounded in

• 1578

• 1586

• 1588

• 1589

When was the book "THE PURCHASING POWER OF MONEY" was published?

The equation MV=PT is referred to as,

The general form of equation given by Fisher is MV=PT ,where M equals,

• Money supply

• quantity of money

• Money supply/quantity of money

The quantity theory of money was propounded by,

Supply of money=

• Demand for money

• Demand of money

Fisher extended his original equation of exchange to include,

V in MV=PT stands for,

• Volume of trade

• Volume of transaction

• Velocity of circulation of money

• Volume of bank and credit money

Fisher's quantity theory of money is based on the essential function of money as

• medium of exchange

• standard of deferred payment

• store of value

• measure of value