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Econ 3440 Topic 1 Notes ECON 3440 Topic 1: Money Demand/Money SupplyMoney: Any liquid asset that can be used to finance a transaction Obvious Choice: Notes & CoinsOther Candidates: Assets that can be readily converted (liquid) to notes/coins i.e. chequing, savings account – NO FIXED DEPOSITS OR GOVT BONDS (not liquid & fee charged to convert)Currency.