Discuss in brief (a) Tobin’s portfolio balance theory (b) Baumol–Tobin model of transactions demand for money (a) Write a short note on the demand function for money. (b) Discuss the usefulness...

Discuss in brief

(a) Tobin’s portfolio balance theory

(b) Baumol–Tobin model of transactions demand for money

(a) Write a short note on the demand function for money.

(b) Discuss the usefulness of the portfolio theories in evaluating the demand for money.