Suppose you go shopping for a gift for a friend and also find a sweater that you want for yourself. You pay cash for the gift and write a check for the sweater. Your purchases are made with money holdings represented byA.the asset demand for money because you used money for both purchases.B.your supply of money to the economy.C.the transaction demand for money because you planned to buy the gift and the precautionary demand for money because you did not anticipate buying the sweater.D.the transaction demand for money because you paid for the gift with cash.

Then try StudyFetch, the AI-powered platform that can answer your questions and teach you more about it!