According to the Monetary Approach,the Exchange Rate Can Be Expressed

According to the monetary approach,the exchange rate can be expressed as

A) $S = \left( \frac { M _ { \$ } } { M _ { £ } } \right) \times \left( \frac { V _ { \S } } { V _ { £ } } \right) \times \left( \frac { y _ { £ } } { y _ { \$ } } \right)$
B) $P_{\$}=\frac{M_{\$} V_{\$}}{y_{\$}}$

C) $S = \left( \frac { M _ { \$ } } { M _ { £ } } \right) \times \left( \frac { V _ { \$ } } { V _ { £ } } \right) \times \left( \frac { y _ { \$ } } { y _ { £ } } \right)$
D) none of the above

Correct Answer:

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