The Precautionary Demand for Money Is When People Hold Money

question 193

Multiple Choice

The precautionary demand for money is when people hold money

• A) for the interest it yields.
• B) as a store of value.
• C) as a medium of exchange.
• D) to meet unplanned expenditures.

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Definitions:

Email Program

Software that enables users to send, receive, and organize electronic mail messages.

Web App

An application program that is stored on a remote server and delivered over the Internet through a browser interface.

Password Manager

A software application that helps users store and manage their passwords, usually encrypted for security purposes.

Remote Lockout

A security measure that allows administrators to remotely lock access to a device or system to prevent unauthorized use.