Structural Aspects of Money Velocity: Errata
In the article, “Structural Aspects of Money Velocity,” by George Garvy appearing in the August 1959 issue the figures in the tables should be corrected to read as follows: In Table II (page 437) the figures for 1954 should be: Individuals, 34.7; Total, holder record, 77.4; Bank and mail float, 17.6; Total, bank record, 95.0. In Table III (page 439) the figures for the following years should be: 1939, 8.54; 1946, 8.70; 1953, 6.16; 1956, 5.61.