What is the velocity of circulation of money?
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The velocity of money is a measure of the number of times that the average unit of currency is used to purchase goods and services within a given time period. The concept relates the size of economic activity to a given money supply and the speed of money exchange is one of the variables that determine inflation.
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Velocity of circulation of money refers to the number of times a unit of money exchanges hands during a unit period of time.
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