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Lord Keynes identified three motives for holding money, that is, keeping one’s ...

Lord Keynes identified three motives for holding money, that is, keeping one’s resources in liquid form instead of in some form of investment. the motive which relates to making provision for the ‘rainy day’ is known as?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Speculative motive
  • B Precautionary motive
  • C Transactions motive
  • D Investment motives
  • E Rainy day motive
Correct Answer: Option B
Explanation:

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