The _____ for Holding Money Explains the Demand for Money

question 48

Multiple Choice

The _____ for holding money explains the demand for money by an individual who wants to pay for groceries every day of the week although he is paid only once a week.

• A) precautionary motive
• B) transaction motive
• C) asset motive
• D) pro?t motive

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Definitions:

Plagiarism

The act of using someone else's work or ideas without giving proper credit, thereby presenting it as one's own.

Summarizing

The act of briefly presenting the main points or essence of a longer text or speech in a concise form.

Paraphrasing

the act of expressing the meaning of something written or spoken using different words, especially to achieve greater clarity.

Critical Value

A cutoff point on a test statistic at or beyond which the null hypothesis is rejected in favor of the alternative hypothesis.