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    three motives for holding money

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    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.

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    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 ...

    Solution Summary

    Articulate three motives for holding money and effects in this post.