BoA – Throw Out Your Old Economic Texbooks – ValueWalk Premium

BoA – Throw Out Your Old Economic Texbooks

The money multiplier and velocity of money are two metrics that used to be highly informative measures for economists to monitor a country’s level of economic growth.
Goldman Sachs' Favorite Books List - Options/Derivatives

The velocity of money or income velocity of money is the frequency at which the average unit of currency is used to purchase newly domestic produced goods and services. The money multiplier measures the maximum amount of commercial bank money that can be created by a given unit of central . . .

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