A certain amount of money is needed for everyday expenditure like buying of goods, transportation and others. This is

Answer Details

The answer is "transaction demand for money." Transaction demand for money is the amount of money that an individual or business needs for everyday transactions, such as buying goods and services. It is a form of demand for money that arises out of the need to conduct regular economic transactions. The other types of demand for money are the precautionary demand for money, which is the need for money to meet unexpected contingencies, and the speculative demand for money, which is the need for money to make financial investments.