It is the quantity of money that economic agents want to hold with the intent of defraying unforeseen expenses.

It is the quantity of money that economic agents want to hold with the intent of spending for goods and services.

It is used for unexpected expenses.

The reason of this kind of demand to occur is the money being the most liquid store of value.

It is the quantity of money that economic agents want to hold because of price uncertainty of financial assets other than money.