Holding money to take care of contigencies is?
ECONOMICS
WAEC 2018
Holding money to take care of contigencies is?
- A. a speculative motive
- B. a transaction motive
- C. a precautionary motive
- D. an expansionary motive
Correct Answer: C. a precautionary motive
Explanation
Precautionary Motive. A desire to hold cash in order to be able to deal effectively with unexpected events that require cash outlay.
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