Before solving this problem first we have to understand the basic of velocity and speed.The speed is a scalar quantity which means the rate of change of distance covered by a particle .As the distance traveled is a scalar quantity as it has no specific directions,so is the speed.It has simply magnitude.
then we have to understand the velocity.Velocity is a vector quantity.IT is defined as the rate of change displacement of the particle or we may say the speed in a given direction .As we know that displacement is the minimum distance traveled by a particle which is nothing else except the straight line joining two points,so it has direction.hence velocity has a magnitude as well as direction.one has remember that the magnitude velocity is always smaller than or equal to the speed [tex]velocity\leq speed[/tex]
so the answer will be DIRECTION i.e velocity indicates the direction of motion .