A term which measures the speed in which cash is spent by entrepreneurial firms, which often have negative income and a high growth rate is the: velocity of money.
Money can be defined as any formally recognized economic unit that's universally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
The velocity of money can be defined as a measure of the number of times (rate, speed, or frequency) that the average unit of currency is used by an individual or entrepreneurial firms to purchase goods and services within a particular period of time.
Mathematically, the velocity of money can be calculated by using this formula:
VoT = PT/M
Where:
In conclusion, we can reasonably infer and logically deduce that terminology which measures the speed in which cash is spent by entrepreneurial firms, which often have negative income and a high growth rate is referred to as the velocity of money.
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