The Demand for Money The Total Demand for Money The total demand for money is the sum of transaction demand for money and asset demand for money. We thus can write the demand function for money as M=kHi (see Figure presented in classThe Demand for Money • The Total Demand for Money – The total demand for money is the sum of transaction demand for money and asset demand for money. We thus can write the demand function for money as (see Figure presented in class) M k Y hi d = −