Question

(i) “The purchasing power of money” was a book published by Irving Fisher in 1911. 

(ii) The general form of equation given by Fisher is M = KPY.

(a) Both (i) and (ii) are true 

(b) Both (i) and (ii) are false

(c) (i) is true but (ii) is false 

(d) (i) is false but (ii) is true

Answer 1

(c) (i) is true but (ii) is false