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प्रश्न
What is transaction demand for money?
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उत्तर
Transaction demand for money refers to the demand for money for meeting day-to-day transactional needs. As money is a liquid asset (easily acceptable or exchangeable), everyone has the tendency to hold money. People earn incomes at distinct points of time but consume throughout the entire period. So, people tend to hold money for transaction purposes.
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संबंधित प्रश्न
Supply of money refers to quantity of money ______.
What is the effect of a larger volume of transactions on demand for money?
The quantum of transactions depends on which factor?
What happens to demand for money when income rises?
Instead of holding savings as money, people may keep them in what type of bank?
Besides income (transactions), demand for money also depends on the what?
In a modern economy, money consists of which two components?
Money is created by which institutions?
What is India's central bank?
Which institution is the custodian of foreign exchange reserves?
What is another name for the currency issued by the RBI?
Commercial banks are part of which system?
Why do people deposit money in banks?
Which facility makes payments easier and safer?
What do banks do with the remaining amount after keeping reserves?
