What are the three motives for holding money?
Explain these motives by writing brief scenarios involving personal own behavior illustrating each motive. Also depict these motives using a graph.
Three motives for holding money are:
Transactions motive : People hold money to buy goods and services.
Precautionary motive : People hold money as insurance against unexpected needs.
Speculative motive : If you have wealth, you have two options; holding it in forms of money or other financial ...
Articulate three motives for holding money and effects in this post.