Motives of money demand according to Keynes

    a. What are three motives of money demand according to Keynes? b. What is equation linking velocity and demand for money according to Keynesian Approach? c. What is the impact on velocity as a result of i. Economy goes in to a recession ii. Credit cards are made illegal iii. Interest rate rises Hint: First check what happens to the demand for money, and then use the equation : V = Y/f(i,Y)