Question 854 speculation motive for keeping money, no explanation
What is the speculation motive for keeping money? The speculation motive encourages people to keep money available:
(a) To buy consumables like food and clothes at the shops.
(b) For a ‘rainy day’ such as becoming sick and having to pay for a doctor.
(c) To preserve their wealth, such as keeping cash under the bed, in the piggy bank or in a safe.
(d) To invest in assets such as houses, shares or bonds if they become cheap.
(e) To gamble and waste on the poker machines at the casino.
Copyright © 2014 Keith Woodward