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单词 velocity of circulation
释义 velocity of circulation

The average number of times that a unit of money is used in a specified period, approximately equal to the total amount of money spent in that period divided by the total amount of money in circulation. The income velocity of circulation is the number of times that a particular unit of currency forms part of a person's income in a specified period. It is given by the ratio of the gross national product to the amount of money in circulation. The transactions velocity of circulation is the number of times that a particular unit of currency is spent in a money transaction in a specified period, i.e. the ratio of the total amount of money spent in sales of goods or services to the amount of money in circulation.

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更新时间:2025/1/22 18:44:58