Keynes Called the Money That People Hold to Make Routine

question 119

Multiple Choice

Keynes called the money that people hold to make routine day-to-day purchases the:

• A) transactions demand for holding money.
• B) precautionary demand for spending money.
• C) speculative demand for holding money.
• D) store of value demand for holding money.

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Definitions:

Carcinogens

Substances or agents that have the potential to cause cancer in living tissue.

Per Capita Consumption

The average amount of a product or resource used by each person within a population.

Revolutionary War

Refers to a conflict that aims to overthrow the existing government or social order in favor of a new system.

Civil War

An internal conflict within a country, fought between factions or regions within the same country or state.