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

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Example Sentences

From the mere fact, therefore, that the money spent for goods must equal the quantities of those goods multiplied by their prices, it follows that the level of prices must rise or fall according to changes in the quantity of money, unless there are changes in its velocity of circulation or in the quantities of goods exchanged.

From Project Gutenberg

Finally, if there is a simultaneous change in two or all of the three influences, i. e., quantity of money, velocity of circulation, and quantities of goods exchanged, the price level will be a compound or resultant of these various influences.

From Project Gutenberg

Likewise, it will be undisturbed if the quantity of money is doubled and the quantity of goods is doubled, while the velocity of circulation remains the same.

From Project Gutenberg

If we divide the year's expenditures, E, by the average amount of money, M, we shall obtain what is called the average rate of turnover of money in its exchange for goods, E/M that is, the velocity of circulation of money.

From Project Gutenberg

Similarly, we shall now use M´ to express the total deposits subject to transfer by check; and V´ to express the average velocity of circulation.

From Project Gutenberg