One of the most debated concepts in economics is the velocity of money. Simply put, the velocity of money measures the number of times a unit of money is used to purchase goods and services within a ...
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What is velocity of money and what it indicates in economy? Formula and importance EXPLAINED
Velocity of money: Have you ever wondered how economists figure out how fast money is moving around in the economy? That’s exactly what the velocity of money tells us. Velocity of money is something ...
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