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UI Post-UTME Economics 2024 (Model questions) Question 7

Question 7

Money and Inflation

According to Keynes, motives for holding money are

  1. A.Two
  2. B.Three
  3. C.Four
  4. D.Five
Show the answer and explanation

Answer: B (Three)

Explanation

Keynes gave three motives: transactions, precautionary and speculative.