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.
Sources
- The web page with info on - BYJU'S - byjus.com
- Transactions demand - Wikipedia - en.wikipedia.org
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