Difference between revisions of "Velocity of money"
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Latest revision as of 19:44, 2 July 2020
Velocity of money is the ratio of nominal expenditure to the money supply; the rate at which money changes hands.
Definition
According to Macroeconomics by Mankiw (7th edition),
- Velocity of money. The ratio of nominal expenditure to the money supply; the rate at which money changes hands.
