understanding financial jargon
Velocity of Money
Money is the modern mechanism for pricing and facilitating the flow of goods and services. The health of an economy can be measured by monitoring the speed at which the money supply is circulating in the economy (i.e being spent). This is known as the velocity of money. When people and businesses are nervous about the economy they will tend to hoard cash rather than spend it, and the velocity of money will slow down. The converse is true.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
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