Which of the following correctly describes the precautionary motive for holding money?
A) It reflects the fact that money payments and money receipts are not perfectly synchronized.
B) It reflects the need to hold money in order to diversify risk.
C) It reflects the need to hold money to pay for daily transactions.
D) It reflects the need to hold money due to uncertainty.
Correct Answer:
Verified
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Q36: Which of the following statements is true?
A)
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A) is
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