The Transaction Motive for Holding Money Arises Because Money Payments

question 8

True/False

The transaction motive for holding money arises because money payments and money receipts are not perfectly synchronized.

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Definitions:

Embezzlement

The act of wrongfully appropriating funds that have been trusted to one's care but are owned by someone else.

Bank Teller

A bank employee who handles withdrawals, deposits, and other transactions directly with the customers.

False Pretense

The illegal obtaining of another’s property by making a materially false representation of an existing fact, with knowledge of the falsity of the representation and with the intent to defraud.

Magazine Subscriptions

Agreements to receive or deliver a magazine periodically, typically in exchange for a subscription fee.