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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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The quotient of this sum divided by the amount of money in circulation will give approximately the velocity of circulation of money....

From Project Gutenberg

The important magnitude, called the velocity of circulation, or rapidity of turnover, is simply the quotient obtained by dividing the total money payments for goods in the course of a year by the average amount of money in circulation by which those payments are effected.

From Project Gutenberg

This velocity of circulation for an entire community is a sort of average of the rates of turnover of money for different persons.

From Project Gutenberg

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

If changes in the quantity of money affect prices, so will changes in the other factors—quantities of goods and velocity of circulation—affect prices, and in a very similar manner.

From Project Gutenberg