# Velocity

(redirected from Transverse 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 of Money

The rate at which money changes hands. For example, assume an economy with \$100 and two people in it. In a given year, if Person A charges Person B \$50 for a widget, and Person B charges Person A \$100 for a whatsit, then \$150 worth of transaction has occurred even though there are only \$100 in the economy. This means that, on average, one dollar is spent one and a half times in a year, expressed as a velocity of 1.5/year. Velocity of money is useful as a measure of how strong and/or liquid an economy is, and it is usually compared with some figure such as GDP or money supply.
References in periodicals archive ?
At greater distances from the nozzle the transverse velocity strongly decreased.
As has already been noted, there are a number of cases in which an apparent superliminal transverse velocity results.
The normal displacement is measured by using normal displacement interferometry (NDI) while the transverse velocity is measured by using transverse displacement interferometry (TDI) (39).
Transverse velocity shows a constant value at the beginning which clearly indicates the front propagation.
The axial ultrasonic velocity did not vary significantly with temperature and the transverse velocity increased (Fig.
Thus, the orientation at the outer layers of the LCP film as it exits the die should be the vector sum of the transverse velocity and the longitudinal velocity of the melt, as indicated by the detail in Figure 4.
The transverse velocity component is zero and the temperature gradient in the transverse direction is also zero.

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