Lord Keynes identified three motives for holding money, that is, keeping one’s resources in liquid form instead of in some form of investment. the motive wh...

Question 1 Report

Lord Keynes identified three motives for holding money, that is, keeping one’s resources in liquid form instead of in 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

The Theory Of Consumer Behaviour

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