velocity of money
Definition
Rate at which money circulates, changes hands, or turns over in an economy in a given period. Higher velocity means the same quantity of money is used for a greater number of transactions and is related to the demand for money. It is measured as the ratio of GNP to the given stock of money. Also called velocity of circulation.
velocity of money is in the Banking, Commerce & Finance and Economics, Politics, & Society subjects.
velocity of money appears in the definition of the following term: velocity of circulation
This content can be found on the following page:
http://www.businessdictionary.com/definition/velocity-of-money.html
email to a friend
print this definition
cite this definition
link to this page