The precautionary motive for holding cash assumes that balances are held:
a. to satisfy the need for cash that arises in the ordinary course of doing business.
b. to satisfy possible but as yet indefinite needs.
c. as a precaution against missing possible profit-making opportunities.
d. for speculative purposes.
a. to satisfy the need for cash that arises in the ordinary course of doing business.
b. to satisfy possible but as yet indefinite needs.
c. as a precaution against missing possible profit-making opportunities.
d. for speculative purposes.
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