The demand for money, according to Keynes, is for -

The demand for money, according to Keynes, is for - ?

Created: 1 year ago | Updated: 8 months ago | Created By:

Maliha Mou

precautionary motive

0 24

Topic: India

Explain: According to Keynes, money is demanded because of three motives -transaction, precautionary and speculative. The first two motives provide yield of convenience and certainty. The third motive provides money yield. Keynes has termed demand for money as liquidity preference.

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