Why would people hold money other than transactionary and precautionary demand for money?
Question
Solution 1
People might hold money for reasons other than transactionary and precautionary demand due to speculative demand. Speculative demand for money is an economic term used to describe the demand for money which is not for immediate spending needs.
- Speculative Demand: This is the demand for money to Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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