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 classic literature ?
Across this I hurtled with slowly diminishing velocity, until at last objects about me began to take definite shape.
This velocity may be ascertained by sending a flash of light to a mirror, and observing how long it takes before the reflected flash reaches you, just as the velocity of sound may be ascertained by means of an echo.
It begins to be refracted, and dimmed by mist, and its velocity is slightly diminished.
Houses, gates, churches, haystacks, objects of every kind they shot by, with a velocity and noise like roaring waters suddenly let loose.
Velocity has acquired Tab Payments, the leading restaurant mobile payments platform in Canada, with over 100 premier restaurants in Toronto and Montreal.
The critical velocity is partially and in some cases wholly connected to the sliding bed velocity, saltating velocity, suspending velocity, deposit velocity and velocity for homogeneous flow.
Graphical analysis of joining velocity, welding power, and force has emerged as a highly effective tool to fix a range of problems, including inconsistent welds, poor weld strength, and non-hermetic seals.
In this method, nodularity is checked using an ultrasonic velocity measuring instrument, which measures velocity by sending and receiving sound waves as they travel through a section of a casting.
However, in view of the importance of thick stock dilution, a rigorous analysis of concentric mixing was in order, along with a reexamination of the velocity ratio criteria.
Avery, Vice President of Marketing and Business Development at Velocity Semiconductor.
Controlling flow inside the die to give the desired velocity profile at the die exit; and
To assist in the writing of this discussion, we determined the average velocity of a 3-inch framing nail (used by carpenters to construct the frame of a wood structure) fired from a nail gun under experimental conditions.