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प्रश्न
What is transaction demand for money?
लघु उत्तरीय
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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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