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Psychological and business motives of preference of liquidity
Now we should develop that analysis of motives of preference more in detail
Liquidities which has been preliminary planned in it. 13. Essentially, speech
Will go about the same subject which sometimes emerges in discussions about so
Named "demand for money". It is closely linked also by that name
In the speed of call of money in relation to incomes *, for this concept only
Is for a criterion of that share of incomes which audience prefers to store in
To the form of a monetary cash, so increase of speed of call of money on
To the ratio to incomes it can be considered as a symptom of the decreased
Preferences of liquidity. However it not same, as the separate
The ratio of fund of accumulation of savings available for them, but at all in
The income ratio. And, anyway, the term "speed of call of money on
To the ratio to the income "will disorient in the sense that brings to the false
To the supposition as if demand for money as a whole is proportional to the income or
Is with it in any certain link, whereas such supposition
It can be accepted, as we will see, only concerning some share monetary
The cash, an audience at the disposal. It is as a result missed from
To sort that role which is played by norm of percent.
In mine "the Treatise about money" I researched cumulative demand for money under
Headings: the deposits linked to incomes; commercial deposits; deposits,
Linked to savings. Here there is no need to play back that analysis,
Which I have resulted in it. 3 these books. The money stored for the sake of each of these
Three purposes, derivate, however, as though uniform pool which to the holder is not present
Necessities to divide into three water-proof cameras. There is no need even in that,
That they have been strictly differentiated in its own head, and same
The sum can be held mainly for one purpose, but incidentally and for others.
Therefore we can without a damage (it, perhaps, even will be more correct)
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