Economy, asked by pandu5130, 1 year ago

Critically evaluate the cash balance equations.different between the cash balance equations and the transaction of the quantity theory of money

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Answered by Sushank2003
4
Hawtrey, popularized and adhered to a slightly different version of the quantity theory of money, known as the cash balance approach, on account of its emphasis on cash balance (instead of transactions). According to cash-balance approach, the value of money depends upon the demand for money.
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