velocity of circulation in English
elation between the gross national product and the circulation of money that is used to determine the speed that money changes hands in an economy (Economics)
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1. MONEY SUPPLY TARGETING HAS ALSO TO BE ALERT TO THE EMERGENCE OF UNEXPECTED CHANGES IN THE VELOCITY OF CIRCULATION .
2. Therefore, further (assuming no change in velocity of circulation), the value of the monetary unit must vary exactly and inversely with the amount put into circulation.