Velocity Of Money

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Definition: Velocity Of Money

Velocity Of Money

Quick Summary of Velocity Of Money

The velocity of money refers to the speed at which the typical dollar bill travels around the economy from wallet to wallet. It is measured as follows: V=(P*Y)/M

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April 20, 2024 https://payrollheaven.com/define/velocity-of-money/.
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Velocity Of Money. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/velocity-of-money/ (accessed: April 20, 2024).
American Psychological Association (APA):
Velocity Of Money. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/velocity-of-money/

Definition Sources

Definitions for Velocity Of Money are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 22nd November, 2021 | 0 Views.