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Velocity |
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Velocity The number of times a dollar is spent, or turns over, in a specific period of time. Velocity affects the amount of economic activity generated by a given money supply. Velocity The number of times money goes through different transactions. That is, velocity measures the number of times money changes hands over a given period of time, often a year. It is calculated by dividing GDP or GNP by the total money supply. Velocity is an important measure of the demand for money, which is in turn used by central banks in determining monetary policy. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Virgin Trains has achieved a new train speed record on the 401-mile route from Glasgow - London with a nonstop journey time of three hours and 55 minutes - an impressive average speed of 102. By comparison, humans walk at an average speed of 4. The main reason for the nearly annual adjustment we need now is a mismatch between the definition of the second in terms of atomic time and that in terms of the average speed of the Earth's rotation. |
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