फिशरच्या चलनसंख्यामान सिद्धांतानुसार पैशाचे मुल्य आणि पैशाची संख्या यामधील संबंध कसा आहे ?

The correct answer is Option A (Value of money, other things being the same, varies inversely with its quantity).

Key Points:
• American economist Irving Fisher formulated the Quantity Theory of Money in his 1911 work *The Purchasing Power of Money* through the equation of exchange:
• MV = PT
• where M is money supply, V is velocity, P is price level, and T is transaction volume.
• Inverse Relationship Formulation:
• Assuming velocity (V) and transactions (T) remain constant, doubling the quantity of money (M) doubles the general price level (P).
• Since the value of money (V_m) is the reciprocal of the price level (V_m = 1/P), an increase in money quantity cuts its purchasing value proportionally.
• Hence, the value of money varies inversely with its quantity.
• Therefore, Option 1 is conceptually and technically correct.
• Key Takeaway: According to Fisher's Quantity Theory, the value of money varies inversely with the quantity of money (as price level doubles, value halves).