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WAEC Economics 2006 Question 32

Question 32

Money and Inflation

The motive for holding money for investing in securities is referred to as

  1. A.transactionary
  2. B.speculative
  3. C.accumulation
  4. D.deflationary.
Show the answer and explanation

Answer: B (speculative)

Explanation

Keynes's speculative motive is holding money to buy securities when their prices are favourable.