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There Are Several Motives for Holding Assets in the Form

question 160

Essay

There are several motives for holding assets in the form of money.Identify three and provide an example of each.


Definitions:

Intuitive Thought

The ability to understand or know something without conscious reasoning or direct evidence.

Symbolic Function

The ability of a person, especially a child during developmental stages, to represent objects, people, and events with symbols or words.

Concrete-Operational Stage

A stage in Piaget's theory of cognitive development, occurring roughly between the ages of 7 and 12 years, during which children gain a better understanding of mental operations and physical concepts.

Conservation Of Liquid

a cognitive skill, identified by Piaget, that allows a child to understand that the quantity of a liquid remains the same despite changes in the shape of its container.

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