Which of the following gives the Fisher equation of money?
Fisher equation is given by MV=PT , and its derivation is credited to an American, Professor Irving Fisher. It states that the money supply (M) multiplied by the velocity of circulation (V) is equal to the number of transactions involving money payments (T) times the average price of each transaction (P).
Which of the following symbols should replace (1) and (2), respectively in the given expression in order to make the expression X < H definitely true?
Statement: A < Z > I < B > S = O ≤ N
Conclusions:
I. S= N
II. B > O
Statement: B > C = J; B > S > E; B < N
Conclusion: I. E < C II. J ≤ E
Statements: K ≥ N = I ≥ H ≤ U; B = S ≤ I
Conclusion: I. B < K II. B = K
...Statements: A ≥ B > C < D, E ≥ F ≥ G, D = H ≥ E
Conclusion:
I. B > F
II. D ≥ G
III. C < G
Statements: P @ Q, Q # R, R % S
Conclusions: a) P # R b) P @ S
Statements: O< V ≤ N = P < S, R = Z ≥ Y = X > O
Conclusions:
I. R > N
II. X > P
III. R > O
Statements: E > G < H > F = I ≥ J > K ≥ D
Conclusion
I: J < H
II: I > D
Which of the following does not make J @ K and R # K definitely not true?
Statement: V > R; C > U > Q; C < R
Conclusion:
I.V > Q
II. V > U
