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The economy's demand for money depends on which two of the following?
Multiple select question.

The total dollar volume of transactions in any period

The total dollar value of savings accounts

The amount of money in checkable deposits

The amount of money people want to hold for future transactions

1 answer

The economy's demand for money depends on the following two options:

  1. The total dollar volume of transactions in any period - This affects the demand for money because higher transaction volumes typically require more money to facilitate those transactions.

  2. The amount of money people want to hold for future transactions - This also contributes to the demand for money, as individuals and businesses need to have a certain amount of money on hand for future purchases or expenditures.

The other options, such as the total dollar value of savings accounts and the amount of money in checkable deposits, do not directly impact the economy's demand for money in the same way.