The Equation of Exchange States That
A)money in Circulation $\times$ Prices = Velocity

Multiple Choice

The equation of exchange states that

A) money in circulation $\times$ prices = velocity $\times$ income
B) money in circulation $\times$ income = velocity $\times$ prices
C) real GDP = money in circulation $\times$ velocity
D) nominal GDP = money in circulation $\times$ velocity
E) real GDP = prices $\times$ money in circulation $\times$ velocity