8. There are several motives for holding assets in the form of money. What are they? Provide an example of each.
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Expert's answer
2018-04-18T07:55:08-0400
1) Transaction motive: Money for everyday transactions 2) Precautionary motive: Money for unexpected payment 3) Speculative motive: If the firm feels the prices of raw material are likely to fall in the future, it will hold cash and wait till the prices actually fall.
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