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Explain the differences and similarities among socialization,resocialization,and anticipatory socialization.
Precautionary Motive
The desire to hold cash or liquid assets to guard against unforeseen future needs and emergencies.
Transaction Motive
The need for cash to meet immediate and anticipated demands for payment, a key reason for holding cash in business.
Speculative Motive
The intention to hold cash or other assets in anticipation of future market fluctuations to gain financial advantages.
Collection Float
The time period between when a check is deposited and when the funds become available in the recipient's account, affecting the cash flow and liquidity.
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