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MONEY EQUATION

\mˈʌnɪ ɪkwˈe͡ɪʒən], \mˈʌnɪ ɪkwˈe‍ɪʒən], \m_ˈʌ_n_ɪ_ ɪ_k_w_ˈeɪ_ʒ_ə_n]\

Definitions of MONEY EQUATION

1910 - Black's Law Dictionary (2nd edition)

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MV = PT, where M is money quantity, V is circulation velocity, P is price levels, and T is transactions. Money velocity calculation.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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