Velocity of money is the number of times a unit of money changes hands during a year.

Name: Velocity of money is the number of times a unit of money changes hands during a year.
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The velocity of money is defined as the rate at which money is exchanged in an economy. It is calculated by dividing the nominal GDP by the total amount of money in circulation. It represents the number of times a unit of money is spent or used to purchase goods and services in a given period of time.

Velocity of Money Is the Number of Times a Unit