Economics · Keynesian Economics

Which motive for holding money did Keynes relate to the 'rainy day' (precautionary) need?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Investment motive
2Speculative motive
3Precautionary motive✓
4Transaction motive

Correct answer

Precautionary motive

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Which motive for holding money did Keynes relate to the 'rainy day' (precautionary) need?

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Which motive for holding money did Keynes relate to the 'rainy day' (precautionary) need?

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