please solve M3

1. Recall the example of a prisoner-of-war camp in World War II. In the camp, cigarettes were used as a means of exchange instead of money. The following table is exchange rates in a building, say Building A. Then, answer the following questions: [Mi]: Which item is most expensive? a. Milk b. Jam c. Sugar items The price per unit d. Same e. All are disvalued Milk 3 cigarettes [M2]: When you have a unit of sugar, how many units of Jam can you exchange? Jam 4 cigarettes a. a quarter of unit b. a half of unit Sugar 2 cigarettes one unit d. one and a half unit e. two units [M3]: Suppose there 60 cigarettes in Building A and each of goods are traded 20 times. Then, how many rotations is the transaction velocity of money according to the quantity theory of money by Prof. Fisher? Answer the number in natural numbers. c