给atm的交易征税并没有改变货币的需求。
The tax on ATM transactions does not change the demand for money.
股票市场通过财富效应、风险分散效应、交易效应和替代效应等多种渠道影响货币需求，不同效应的影响方向是不同的。
According to Friedman's analysis, stock market affects monetary demand from four perspectives: wealth, riskspreading, transaction and substitution, with different effects in different directions.
目前在我国，这种影响主要表现为股票的交易性货币需求，因而对货币需求的影响主要体现在狭义货币M1上。
Seen from present actual conditions of our country, this influence mainly reflects on the trading effect of the stock market, so this influence on money demand mainly reflects on M1 of narrow sense.
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