1. Explain "demand for money
2. State and explain any four (4) characteristics of money
Demand for money refers to the assets that the population wishes to hold in the form of money in the economy.
Divisibility. Money can be divided into smaller amounts that can be used to buy goods of different values.
Portability. Money is portable because the currency can be put in pockets.
Uniformity. Money is uniform in value.
Limited supply. The money supply is regulated to retain its value over time.