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In the equation MV+ MI VI = PT, ‘M ‘denotes:

Question:

In the equation MV+ MI VI = PT, ‘M ‘denotes:

A.

velocity of money

B.

money in circulation

C.

bank deposit

D.

none of these

Answer» b. money in circulation

Note: The above multiple-choice question is for all general and Competitive Exams in India