The Demand for Money as a Cushion Against Unexpected Contingencies

question 24

Multiple Choice

The demand for money as a cushion against unexpected contingencies is called the

• A)transactions motive.
• B)precautionary motive.
• C)insurance motive.
• D)speculative motive.

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Definitions:

Ctesiphon Palace

The ruins of an ancient royal complex in modern Iraq, once a major center of the Sassanian Empire, notable for its distinctive arch and vault construction.

Iwan

In Islamic architecture, a vaulted rectangular recess opening onto a courtyard.

Apadana

The term refers to an audience hall in ancient Persian palaces, notably the great hall of Darius and Xerxes at Persepolis.

Cuneiform

Latin, “wedge-shaped.” A system of writing used in ancient Mesopotamia, in which wedge-shaped characters were produced by pressing a stylus into a soft clay tablet, which was then baked or otherwise allowed to harden.