Question

(i) MV = PT equation stands for volume of Trade. 

(ii) Fisher’s Quantity Theory of money is based on the essential function of money as measure of value.

(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

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