Economics WAEC

Holding money to take care of contingencies is?

A. a speculative motive
B. a transaction motive
C. a precautionary motive
D. an expansionary motive

Correct Answer: Option C

C. a precautionary motive

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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