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velocity of circulation

British  

noun

  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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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In words: the total circulation of money in the sense of money expended is equal to the total money in circulation multiplied by its velocity of circulation or turnover.

From Readings in Money and Banking Selected and Adapted by Phillips, Chester Arthur

The conception of velocity of circulation as a real, unitary entity, a cause, in the process of price-determination, is, I suppose, almost as old as the quantity theory itself.

From The Value of Money by Anderson, Benjamin M.

We come back to the conclusion that the velocity of circulation either of money or deposits is independent of the quantity of money or of deposits.

From Readings in Money and Banking Selected and Adapted by Phillips, Chester Arthur

This arrangement obviates the necessity of keeping much money or deposits on hand, and therefore increases their velocity of circulation....

From Readings in Money and Banking Selected and Adapted by Phillips, Chester Arthur

This last concept of velocity of circulation is clearly the one that must be used, if the equation of exchange is to be kept straight.

From The Value of Money by Anderson, Benjamin M.