In the equation MV+ MI VI = PT, ‘M ‘denotes: / » Macro Economics 1 solved MCQs / By admin 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.