The transaction motive for holding money represents the demand for money to purchase goods and services in more than one year.

Name: The transaction motive for holding money represents the demand for money to purchase goods and services in more than one year.
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Question

Quizplus · Accepted Answer

The transaction motive for holding money refers to the need to hold money for the purpose of conducting everyday transactions or purchases in the short term, not over a period of more than one year.

The Transaction Motive for Holding Money Represents the Demand for Money