One Reason That People Hold Money Is to Pay for Unexpected

question 64

Multiple Choice

One reason that people hold money is to pay for unexpected car repairs and other unpredictable expenses. This motive for holding money is called:

• A) transactions demand.
• B) precautionary demand.
• C) speculative demand.
• D) noncyclical demand.

---

Definitions:

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a dismissive or derogatory view towards other cultures.

Sociological Perspective

An approach to understanding human behavior by placing it within its broader social context, examining how societies influence individuals and groups.

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society, celebrated for fostering creativity, innovation, and pluralism.

Having An Affair

Engaging in a romantic or sexual relationship with someone other than one's spouse or partner, usually in secret.