Velocity is the number of times per year the average dollar is spent in relation to GDP.

Name: Velocity is the number of times per year the average dollar is spent in relation to GDP.
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Velocity of money refers to the frequency at which one unit of currency is used to purchase domestically-produced goods and services within a given time period. It is a measure of the rate at which money circulates in the economy and is often calculated as the ratio of GDP to the country's total money supply.

Velocity Is the Number of Times Per Year the Average