Examlex
Which of the following accurately describes H.M.'s memory problems?
Precautionary Cash Balances
Precautionary cash balances refer to money held by both businesses and individuals to meet unexpected expenses or financial emergencies.
Unexpected Expenditures
Expenses that were not planned or budgeted for, often requiring immediate payment.
Risk-Averse
A description of an investor or decision-maker who prefers to minimize uncertainty or potential loss, favoring safer over riskier options.
Financial Intermediary
An institution that acts as a middleman between savers and borrowers, including banks, investment companies, and insurance companies.
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