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Macroeconomics 9th Edition by David Colander
Edition 9ISBN: 978-0077501860Macroeconomics 9th Edition by David Colander
Edition 9ISBN: 978-0077501860 Exercise 24
State whether the following is an example of the transactions, precautionary, or speculative motive for holding money:
a.I like to have the flexibility of buying a few things for myself, such as a latte or a snack, every day, so I generally carry $10 in my pocket.
b.You never know when your car will break down, so I always keep $50 in my pocket.
c.When the stock market is falling, money managers generally hold more in cash than when the stock market is rising.
d.Any household has bills that are due every month.
a.I like to have the flexibility of buying a few things for myself, such as a latte or a snack, every day, so I generally carry $10 in my pocket.
b.You never know when your car will break down, so I always keep $50 in my pocket.
c.When the stock market is falling, money managers generally hold more in cash than when the stock market is rising.
d.Any household has bills that are due every month.
Explanation
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(a) I like to have the flexibility of bu...
Macroeconomics 9th Edition by David Colander
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