Question on: WAEC Economics - 2018
Holding money to take care of contigencies is?
A
a speculative motive
B
a transaction motive
C
a precautionary motive
D
an expansionary motive
Ask EduPadi AI for a detailed answer
Correct Option: C
Precautionary Motive. A desire to hold cash in order to be able to deal effectively with unexpected events that require cash outlay.
Add your answer
Please share this, thanks!
No responses