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Unformatted text preview: some people demand it for hoarding or holding wealth in liquid form. It can conveniently be used according to variations in the market conditions. Each of these purposes is called motive for demanding money . There are three chief motives for which money is demanded. These are transactions , precaution and speculation . The first two motives are traditional and classical economists made use of them. The third motive of speculation is modern ; Keynes has introduced and analyzed this particular motive....
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This note was uploaded on 11/17/2011 for the course EC ec 201 taught by Professor - during the Fall '10 term at Montgomery.
- Fall '10