Which of the following is not a reason for holding money?
Answer Details
The reason for holding money refers to the purpose or motive behind keeping money aside instead of spending it immediately. Ostentation is not a reason for holding money because it refers to the act of showing off wealth or possessions rather than actually holding on to money.
Speculation is a reason for holding money because some people hold money in order to buy assets or investments that they believe will increase in value. Transactions is also a reason for holding money because people need money to carry out daily transactions such as buying goods and services. Precautionary is another reason for holding money because people may hold money in case of emergencies or unexpected expenses.