good examples of transaction demand for money & asset demand for money (savings accounts), regarding asset demand for money, remember; asset demand is money maintained as a store of value for later use in the form of highly liquid financial assets (e.g., savings accounts, gold, T-Bills, money market mutual funds, bonds & publicly traded stocks), however, money in a 401K is not highly liquid, as withdrawal before age 55 from a 401k will incur income taxes as well as a 10 percent penalty. Your thoughts