What is the definition of Velocity of money? | Dictionary.net

VELOCITY OF MONEY

\vəlˈɒsɪti ɒv mˈʌnɪ], \vəlˈɒsɪti ɒv mˈʌnɪ], \v_ə_l_ˈɒ_s_ɪ_t_i_ ɒ_v m_ˈʌ_n_ɪ]\

Definitions of VELOCITY OF MONEY

1910 - Black's Law Dictionary (2nd edition)

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Rate that money circulate at, turns over and changes hands. High velocity equals high number of transactions. Also known as velocity of circulation.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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