The rate at which money turns over is the definition of

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Velocity is the rate at which money circulates or changes hands within an economy over a given period of time. It is a measure of how quickly money is being exchanged in the economy and is calculated by dividing nominal GDP by the money supply. Liquidity refers to how quickly and easily an asset can be converted into cash, while GDP is the total value of goods and services produced in an economy over a given period of time. Aggregate demand refers to the total amount of goods and services that an economy's households, businesses, and government are willing and able to buy at a given price level.

The Rate at Which Money Turns Over Is the Definition