Travis always carries $100 in his wallet to pay for groceries. This is an example of the

Question

Quizplus · Accepted Answer

Travis carrying $100 in his wallet to pay for groceries indicates a transactions demand for money, as he is holding money for day-to-day transactions. The precautionary demand for money is holding money for unforeseen emergencies, the asset demand for money is holding money as a store of value, and the wealth demand for money is holding money as a way to maintain a certain level of wealth or standard of living.

Travis Always Carries $100 in His Wallet to Pay for Groceries