Lord Keynes identified three motives for holding money, t...
Lord Keynes identified three motives for holding money, that is, keeping one’s resources in liquid form instead of some form of investment. The motive which relates to making provision for the 'rainy day' is known as
Speculative motive
Precautionary motive
Transactions motive
Investment motives
Rainy day motive
Correct answer is B
No explanation has been provided for this answer.
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