| 单词 | velocity of circulation |
| 释义 | velocity of circulation The ratio of some aggregate of transactions, for example GDP, to some measure of the money supply, for example M1. The ratio of money held to the value of total transactions can vary, but monetary economists have argued that such changes depend on changes in monetary institutions, and can thus be expected to take place only gradually. There are, however, reasons to doubt this. Even including only transactions on income account, there are normally several transactions per unit of GDP, as firms buy factors in one set of markets and sell their products in others, and there are many sales of fuel, materials, and components. The main scope for variations in the velocity of circulation, however, is the large amount of transactions on capital account, trading in shares, bonds, and currencies. There is no reason why the volume of capital account transactions should bear any fixed relation to GDP, and many money balances are held primarily to finance capital market transactions. |
| 随便看 |
|
英汉经管词典收录了3426条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。