Which equation accurately represents the expanded version of the equation of exchange?

CA Foundation · Business Economics · PYQS · January 2026
Which equation accurately represents the expanded version of the equation of exchange?
(A) A. P=MV
(B) B. P=M'V'
(C) C. PTMV + M'V'
(D) D. PTMV-M'V'

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. PTMV + M'V'

Topics: Money Market

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