what are the factors of determining demand for money
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The demand for money is affected by several factors, including the level of income, interest rates, and inflation as well as uncertainty about the future
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The demand for money depends on three main factors: national income, the price level and the rate of interest. Transactions demand and precautionary demand vary directly with the first two factors but speculative demand for money vary inversely with the market rate of interest.
Explanation:
The demand for money is affected by several factors, including the level of income, interest rates, and inflation as well as uncertainty about the future.
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