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Which of the following is not a reason for holding money?

Economics
WAEC 2010

Which of the following is not a reason for holding money?

  • A. Ostentation
  • B. Speculations
  • C. Transactions
  • D. Precautionary
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Correct Answer: Option A
Explanation

They are three major motives for demanding money; the transactions, the precautionary, and the speculative motives.

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