Velocity of money
Revision as of 19:41, 2 July 2020 by Kainat9 (talk | contribs) (Created page with "*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...")
- 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.
