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It’s the Rate of [Physician] Circulation and Consumption
Courtesy: https://lnkd.in/eBf-4vY
The VM 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. This speed of money exchange is one of the variables that determine inflation.
VM is the ratio of gross national product (GNP) to a country’s money supply. The more often money changes hands, the greater the level of commerce. The VM is determined by money supply, interest rates, inflation, commerce and the Federal Reserve.
LINK: https://lnkd.in/eZxrhtp
Physicians, like most consumers, tend to hold less money as interest rates and inflation increase, and therefore the velocity of money increases.
ESSAY: https://lnkd.in/e6TvuVM
VM is reduced when people increase money holdings in periods of low interest rates and low inflation; the opposite when rates and inflation are high.
CMP® CURRICULUM: https://lnkd.in/eDTRHex
Assessment: Comments appreciated.
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BUSINESS, FINANCE, INVESTING AND INSURANCE TEXTS FOR DOCTORS:
1 – https://lnkd.in/ebWtzGg
2 – https://lnkd.in/ewJPTJs
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