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What is the transaction demand for money?

Understand the Problem

The question is asking about the concept of transaction demand for money, which refers to the amount of money that individuals and businesses hold for the purpose of conducting transactions. This typically involves understanding the factors that influence how much money people want to keep on hand for day-to-day purchases and expenses.

Answer

The demand for money for meeting day-to-day transactional needs.

The final answer is the demand for money for meeting day-to-day transactional needs.

Answer for screen readers

The final answer is the demand for money for meeting day-to-day transactional needs.

More Information

Transaction demand for money arises because people need to hold liquid money to pay for goods and services. It is motivated by the need to conduct everyday transactions.

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