Question

(a) Explain the significance of money. What are the purposes for demand for moneyty of money?


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Answer 1

Answer:

The transactions demand for money is money people hold to pay for goods and services they anticipate buying. ... Because of this, expectations play an important role as a determinant of the demand for bonds. Holding bonds is one alternative to holding money, so these same expectations can affect the demand for money.

Explanation:

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Answer 2

Answer:

The transactions demand for money is money people hold to pay for goods and services they anticipate buying. ... Because of this, expectations play an important role as a determinant of the demand for bonds. Holding bonds is one alternative to holding money, so these same expectations can affect the demand for money.

Explanation:

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