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Precautionary motive for holding money is to

Precautionary motive for holding money is to
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Meet daily and regular transactions
  • B Take advantage of changes in the prices of goods and services
  • C Cover unforeseen events
  • D Cover expenses on house rent
Correct Answer: Option C
Explanation:
Precautionary motive; A desire to hold cash in order to be able to deal effectively with unexpected events that require cash outlay.

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