There are three reasons why people demand money: for use in transactions, for precautionary reasons (meaning in case of emergencies) and for speculative safety (meaning in case some investments drop in value). Give an example of a time when you demanded money for each of these reasons. Describe the specific circumstances of your demand for money.

Please answer in 300 words or more. Use your own words - please do not copy and paste from a website. Be sure to reference your sources.