Precautionary motive for holding money is to
...Precautionary motive for holding money is to
Meet daily and regular transactions
Take advantage of changes in the prices of goods and services
Cover unforeseen events
Cover expenses on house rent
Correct answer is C
Precautionary motive: A desire to hold cash in order to be able to deal effectively with unexpected events that require cash outlay.
In certain circumstances, a centrally planned economy adopts the rationing system because of ...
An inflation which occurs as a result of increase in production cost is known as ...
Which of the following is not a benefit derived by Nigeria from the petroleum industry? ...
What is the median quantity? ...
Opportunity cost is best defined as? ...
If the price of flour rises, then bread ...
Production in Economics occurs when ...
If a country has a balance of payments surplus on current account, this means that ...
The argument of tariff protection in less developed economies is that such a measure would ...