Economics
JAMB 1984
Lord Keynes identified three motives for holding money, that is, keeping one’s resources in liquid form instead of in some form of investment. the motive which relates to making provision for the ‘rainy day’ is known as?
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A.
speculative motive
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B.
precautionary motive
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C.
transactions motive
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D.
investment motives
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E.
rainy day motive
Correct Answer: Option B
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