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Precautionary motive for holding money is to

Economics
WAEC 2014

Precautionary motive for holding money is to

  • A. meet daily and regular transactions
  • B. take advantage of changes in the prices of goods and services
  • C. cover unforeseen events
  • D. cover expenses on house rent
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Correct Answer: Option C
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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