1 - Define: Define Velocity of Money

2 - Describe: Explain velocity of money. Include an example. The example has to be from your personal experience or perhaps from the experience of a relative or friend that you can see the concept applies.

3 - Reflect: Make a conclusion about how velocity of money concept helps you to change your perspective regarding an economic decision. Of course, the economic decision you want to emphasize has to be related with the concept you chose in 1.