The article attempts to present different approach to the demand for contemporary money. It starts from pointing to the need to take an assumption that the demand for contemporary money constitutes a declaration of will and ventures of businesses searching for necessary funds. According to the author, the businesses include all entities of the national economy, and thus also central and local government enterprises, and banks, including the central bank at the head. The above named demand for money can be of a potential or effective nature. The effective demand is realized in the course of exchange (for other economic goods) or replenishment of a redeemable or non-redeemable nature (different types of loans or facilities, including grants, allocations, subsidies, etc.).

Functional distribution of money demand is of a crucial importance. In this respect we distinguish demand for the means of payment and demand for savings and borrowings. The article discusses interrelations between the former and the latter. At the same time it is assumed that the demand for the means of payment is realized through the function of issue (creation of money in general), while the demand for savings and borrowings is of a secondary nature, since it results from funds temporarily excluded from the exchange and payments.

The amount of economically justified demand for contemporary means of payment depends mainly on the amount of the national income and weighted average frequency of its distribution. The above amount is as a rule increased by certain amount of demand for money necessary to each business, and being so called trading (prudential) reserve. It is to some extent an equivalent of supplies, materials, goods, and similar stocks of businesses providing for the continuity of production and trading.

Total amount of the discussed demand does not, however, depend on interest rates of loans, to be determined administratively, that create demand for the means of payment.

Demand for savings and borrowings depends, on the one hand, on the level of development needs of the population and, on the other, on (market) interest rates of respective deposit and credit operations as well as on the context of their performance. In the latter case it is the matter of gaining, using and returning savings and borrowings.