People Learn to Hold a Specific Quantity of Money for the Groceries

question 98

Multiple Choice

People learn to hold a specific quantity of money for the groceries, theater tickets, gasoline, clothes, film, and other items they habitually purchase. This behavior is representative of the:

• A) precautionary demand.
• B) speculative demand.
• C) transactions demand.
• D) volatility demand.
• E) liquidity demand.

---

Definitions:

Robert Merton

An influential American sociologist best known for his theories on social structure, anomie, and for developing the concept of the self-fulfilling prophecy.

Financial Success

Denotes achieving significant monetary gain or wealth accomplishment through various means like investments, career progression, or entrepreneurship.

David Matza

A sociologist known for his work on the theory of delinquency and the concept of drift, emphasizing the role of social processes in criminal behavior.

"Nuts and Sluts"

A derogatory and discrediting tactic often used to dismiss or undermine the credibility of women by attributing their claims or behavior to mental instability or promiscuity.