The total quantity of money demanded is determined by adding the transactions demand for money to the asset demand for money. This is option B.What is Money Demand?The amount of money an individual or an economy requires to buy goods or services is known as money demand. Money demand is affected by interest rates, inflation, and GDP. The total quantity of money demanded is determined by the transactions demand for money plus the asset demand for money.Asset Demand for MoneyThe desire for people to hold money as an asset is referred to as the asset demand for money. When interest rates rise, people's desire to hold money as an asset declines. When interest rates are low, people are more likely to keep their wealth in liquid assets rather than long-term ones.Transaction Demand for MoneyThe desire for money for daily transactions is referred to as transaction demand for money. The transaction demand for money increases as the economy expands, and vice versa. A rise in real GDP leads to an increase in the transaction demand for money.