WAEC Economics 2014 Objective — Question 47
Question 47 of 50 from the West African Examinations Council (WAEC) Economics 2014 Objective paper, with the correct answer and a full explanation.
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The precautionary motive for holding money is to
- A. meet daily and regular transactions
- B. take advantage of changes in the prices of goods and services
- C. cover unforeseen eventsCorrect
- D. cover expenses on house rent
Explanation
Precautionary motive for holding money is the demand to hold money because of unforeseen circumstances.
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