Keynes Called the Money People Hold in Order to Buy

question 13

Multiple Choice

Keynes called the money people hold in order to buy bonds, stocks, or other nonmoney financial assets the:

• A) transactions demand for holding money.
• B) precautionary demand for holding money.
• C) speculative demand for holding money.
• D) unit of account demand for holding money.

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Definitions:

Shelter

A structure or place providing protection from weather, danger, or discomfort; it can also refer to organizations offering refuge to the homeless or abused.

Emancipated Minor

A person under the age of majority who is granted most adult rights through a legal process, including the ability to enter contracts and make healthcare decisions.

Legal Definition

A precise and formal explanation of a legal term or concept.

Seriously Disabled

Refers to individuals who have significant physical or mental impairments that substantially limit one or more of their major life activities.