velocity of money


noun Economics.

the frequency with which a single unit of currency or the total money supply turns over within the economy in a given year.

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“I do believe that the buck stops here, that I cannot rely upon public opinion polls to tell me what is right. I do believe that right makes might and that if I am wrong, 10 angels swearing I was right would make no difference.”
Also called velocity of circulation.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020