Question

1. in the equation of exchange, mv = pq, v represents

volume
velocity
vigor
none of the above

Explanation:

In the equation of exchange \( MV = PQ \), \( M \) represents the money supply, \( V \) represents the velocity of money (the average number of times a unit of money is spent in a given period), \( P \) is the price level, and \( Q \) is the quantity of goods and services.

Answer:

velocity