The Demand for Money Like Inflation Leading Essay

The Demand for Money Like Inflation Leading - Essay Example I keep my savings in JP Morgan Chase & Co. I find the bank extremely reliable and the staff very amicable and helpful. Depositing money and withdrawal of money can be done conveniently since the staff is always eager to provide their services. Moreover, I stay in New York where the bank has its headquarters. I also have equity shares and for trading purpose, I use the brokerage firm ‘Fidelity Investments’. I have chosen this firm after strong recommendations from several of my friends and colleagues. The firm is completely reliable for making equity trades. They charge reasonable commissions and fees which suit my need. This brokerage firm which is based in the city of Boston ranks in the â€Å"top five in nine out of 12 categories including equity trading tools, research tools and customer service†. The customer service is extremely good, and its research tools help me to make comparisons of four stocks at a time using up to 147 different traits. Since I am an on line customer, I get facilities like a quarter of my mutual funds and 6 per cent of my equity trade is free of commission. I use Allied Insurance for my personal insurance. I find the premium easily affordable. I have insured my car with the American Automobile Association for its lucrative premium. I have a low velocity of circulation which means I have more money than I normally spend. This is because I have the habit of keeping aside some portion of my salary as precautions like sudden emergencies. Since such events do not happen in most months, therefore I can keep my velocity of circulation low.