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Fisher's Equation of Exchange
SUBJECT : Economics
AUTHOR : KSOU
PUBLISHED ON : 28/10/14
NUMBER OF PAGES : ( 7 Pages)
PRICE : Rs 5.25

The value of money refers to purchasing power in terms of goods and services in general. The purchasing power of money depends on the prevalent price level. If the prices are high, the purchasing power of money is low. Conversely if the price level is low the purchasing power of money is high. So the value of money is inversely related to the price level.


 
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