Momentum motion. The first use of "momentum" in its proper mathematical sense is not clear but by the time of Jenning's "Miscellanea" in 1721, five years before the final edition of Newton's "Principia Mathematica", momentum or "quantity of motion" was being defined for students as "a rectangle", the product of and , where is "quantity of material" and is "velocity", . Momentum In Newtonian mechanics, linear momentum, translational momentum, or simply momentum (pl. momenta) is the product of the mass and velocity of an object. It is a vector quantity, possessing a magnitude and a direction in three-dimensional space. If is
Velocity of money part of this tiny economy's gross domestic product (GDP). The velocity of money provides another perspective on money demand. Given the nominal flow of transactions using money, if the interest rate on alternative financial assets is high, people will not want to hold much money relative to the quantity of their transactions—they try to exchange it fast for goods or other financial assets, and money is said to "burn a hole in their pocket" and velocity is high. This situation is precisely one of money demand being low. Conversely, with a low opportunity cost velocity is low and money demand