English Dictionary

Definition of “velocity of circulation”

velocity of circulation

Definitions

noun

(economics)
  1. the average number of times a unit of money is used in a given time, esp calculated as the ratio of the total money spent in that time to the total amount of money in circulation

Example Sentences Including 'velocity of circulation'

His observations that the velocity of circulation varies and that credit is the main feature of the monetary system were very important.
Freeden, Michael (ed) Reappraising J. A. Hobson - humanism and welfare

Comments

Log in to comment on this word.