Of the three motives for holding money suggested by Keynes,which did he believe to be the most sensitive to interest rates?

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Keynes believed that the speculative motive for holding money is the most sensitive to interest rates. The speculative motive involves holding money for the purpose of anticipating and taking advantage of changes in asset prices or interest rates. When interest rates are low, people may prefer to hold onto their money for longer periods of time with the expectation of capital gains from future interest rate increases. Conversely, when interest rates are high, people may prefer to invest their money in other assets to take advantage of higher potential returns. Therefore, the speculative motive is most influenced by changes in interest rates.

Of the Three Motives for Holding Money Suggested by Keynes,which