Income velocity of money Guide, Meaning , Facts, Information and Description
In economics, income velocity of money is the number of times an individual unit of currency turns over (i.e., is spent) in a specific period of time. Velocity affects the amount of economic activity generated by a given money supply.The velocity of the money supply is GDP/money (be it M0, M1, M2, or M3 -- see money supply for details).
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