Holding cash for speculative demand refers to:
A)keeping cash on hand to pay for emergency needs.
B)holding cash to compensate banks for the services they perform.
C)keeping money in the bank to pay bills for the goods and services they use.
D)keeping cash to take advantage of unexpected opportunities.

Question

Quizplus · Accepted Answer

Holding cash for speculative demand refers to keeping cash in hand to take advantage of unexpected opportunities, such as investing in a promising stock or purchasing a discounted product. It is not related to emergency needs, compensating banks for services, or paying bills.

Holding Cash for Speculative Demand Refers To