Economic-In the equation of exchange, the money supply multiplied by velocity equals?thank you?

Question

In the equation of exchange, the money supply multiplied by velocity equals

GDP.

the price level.

the quantity of goods produced.

the average number of times that a dollar is used to purchase a final good or service

Answer 1

d) the average number of times that a dollar is used to purchase a final good or service

M*V = Y*P

Though GDP is right too in case if it is nominal GDP because nominal GDP equals P*Y.