Enter 3 out of 4 below:
Using the Equation of Exchange
Calculate M
Define the Equation of Exchange:
MV = PQwhere Money (M)
Velocity (V)
Price (P)
Quantity (Q)
Divide each side by V
Cancelling V on the left side, we get
| M = | PQ |
| V |
Pplug in V = 15, P = 100, Q = 50
| M = | 100 x 50 |
| 15 |
| M = | 5000 |
| 15 |
M = 333.33333333333
What is the Answer?
M = 333.33333333333
How does the Equation of Exchange Calculator work?
Free Equation of Exchange Calculator - Solves for any of the 4 variables in the Equation of Exchange: money, velocity, price, quantity
This calculator has 4 inputs.
What 1 formula is used for the Equation of Exchange Calculator?
What 5 concepts are covered in the Equation of Exchange Calculator?
equation of exchangeequation relating money, price, velocity, and quantityMV = PQmoneyAny item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxespricethe amount of money expected, required, or given in payment for somethingquantityamount of somethingvelocityspeed of an object in a given direction
Example calculations for the Equation of Exchange Calculator
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