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ion 22 of 22 Given the equation of exchange set forth by the quantity theory of money (M X V = P X Q), where M is the supply of money, V is the velocity of money, P is the price level, and Q is real output, which of the statements best defines M? The quantity of goods and services produced within an economy. O The average of level of prices for a given basket of goods. O The average number of times a dollar is spent in a given period of time. The total amount of currency, coins, and banking sector