Statement I: the Precautionary and Speculative Demands of Money Are

question 107

Multiple Choice

Statement I: The precautionary and speculative demands of money are virtually identical.
Statement II: The speculative and transaction demand for money are virtually identical.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Praxiscope

An early animation device that creates the illusion of motion by spinning a series of still images viewed through slits; a precursor to modern animated filmmaking.

Daguerreotype

A photograph made by an early method on a plate of chemically treated metal; developed by Louis J. M. Daguerre.

Calotype

From the Greek kalos, “beautiful.” A photographic process in which a positive image is made by shining light through a negative image onto a sheet of sensitized paper.

Camera Obscura

An ancient optical device that projects an image of its surroundings on a screen; used in drawing and for entertainment, and a precursor to modern photography.