The Velocity of Money Is Defined as
The velocity of money is a measure of the number of times that the average unit of currency is used to purchase goods and services within a given time period. The velocity of money is defined as the rate at which money changes hands If from ECONS 101 at Taylor University. Learn About Velocity Of Money Chegg Com The velocity of money is A the average number of times that a dollar is spent in buying the total amount of final goods and services. . It is also referred to. One unit of money serves for several transactions over time. Velocity price agregrate output money supply Velocity Nominal GDP Money supply If velocity is 2 it means the dollar is usually spent two times in purchasing goods and services. B the ratio of the money stock to high-powered money. Lecture 2 slide7 a. The ratio of nominal GDP and nominal money supply B. The average number of times each dollar in the money supply is used to purchase g...