Proper velocity the traveling object. It equals the object's momentum p divided by its rest mass "m", and is made up of the space-like components of the object's four-vector velocity. William Shurcliff's monograph mentioned its early use in the Sears and Brehme text. Fraundorf has explored its pedagogical value while Ungar, Baylis and Hestenes have examined its relevance from group theory and geometric algebra perspectives. Proper velocity is sometimes referred to as celerity. Unlike the more familiar coordinate velocity v, proper velocity is synchrony-free (does not require synchronized clocks) and is useful for describing both super-relativistic and sub-relativistic motion. Like coordinate velocity
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