11.   The speculative demand can be quite large.

12.   These fluctuations in interest rates will cause further uncertainty and further shifts in the speculative demand for money.

13.   A policy of controlling interest rates is likely to cause a more stable demand for money, with fewer shifts in the speculative demand.

14.   It was in his analysis of the speculative demand for money that Keynes differed fundamentally from his predecessors.

15.   The speculative demand for money.

16.   As the rate of interest falls, so the speculative demand for money increases.

17.   As the interest rate rises, the speculative demand for money falls and money market equilibrium is eventually restored.

18.   Explain why there is an inverse relationship between the speculative demand for money and the rate of interest in the Keynesian liquidity-preference theory.

19.   At interest rate Oi, where the speculative demand is perfectly elastic, the LM curve becomes horizontal.

20.   Dealers said the peso was weakened in morning trading by modest speculative demand for dollars caused by the continued weakening of Southeast Asian currencies.