a
planned purchases
b
the purchase of bonds
c
the purchase of shares
d
unplanned purchases
Explanation
Correct Option
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NOTABENE2021
4 years ago
Keynes pointed out that a section of people in the community hold cash balances for speculative purposes. This demand for money held under the speculative motive is referred to as the demand for “idle balances”. The speculative motive for holding cash balances arises from uncertainty about the future rates of interest.
