Loanable Fund & Liquidity preference

According to J.M.Kens " Interest is the reward paid for parting which liquidity for a specific time."
   Motive for Liquidity / Demand for money
1. karobar motive
2.  purba+satarkata motive
3. sattabagi motive
 
Criticisms of Liquidity preference theory
1. Ignored real factors
2. No liquidity without saving
3. Desire for liquidity
4. Use of the term liquidity
5. Short term concept

 Loanable funds theory of interest
   SUPPLY of loanable funds
1. Savings
2. Discarding(aachanchay)
3. Bank money
4. Disinvestment
     DEMAND
1. Investment demand
2. Consumption demand
3. Demand for hoarding(chanchay)                                                                                                                                                                                                                                                                                                  Equilibrium between demand for and supply of loanable funds