The command
echo test>"C:\Users\myname\My Documents\test\"%%v""
despite the wrong double quotes around %%v redirects the text test directly to the directory instead of a file test.txt in the directory. Or in other words: The attempt to create a file with name of an already existing directory is denied by Windows and the result is the access denied error message.
The solution for creating a file test.txt with the line test in each directory specified in text file folderlist.txt is:
for /F "tokens=1 delims=," %%v in (folderlist.txt) do echo test>"%USERPROFILE%\My Documents\test\%%v\test.txt"
It is also possible to create a file test.txt with a file size of 0 bytes in all subfolders of the test folder with following command line in the batch file.
for /D %%v in ("%USERPROFILE%\My Documents\test\*") do echo. >nul 2>"%%v\test.txt"
The command FOR returns in this case the subfolder name with full path always without surrounding double quotes even if the folder path contains a space character as it is the case here.
See How to create empty text file from a batch file? and read the Microsoft article about Using command redirection operators for more details.
echo. >nul 2>test.txt results in writing just a new line to STDOUT redirected to device NUL to avoid printing lots of blank lines on batch execution to screen. And to the file text.txt nothing is redirected from STDERR as there is no error message printed by command ECHO resulting in creating an empty test.txt file.
Run in a command prompt window for /? for help on command FOR.