Correct Answer: Option A

Explanation

The precautionary motive refers to holding money as a precautionary measure to address uncertain future events or emergencies. It involves setting aside a portion of money for unexpected expenses, unforeseen circumstances, or contingencies that may arise. This motive emphasizes the need for a financial buffer to deal with unforeseen events and maintain financial stability.
NOTE: Precautionary motive for holding money varies direct with the level of income

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