Answered: State and explain the three motives of…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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State and explain the three motives of holding money according to Keynes
ii. Show that interest rate has an impact on the income velocity of money. iii Distinguish between Fisher’s quantity theory and Keynesian’s theory of money

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Step 1: Define money

Since you have posted multiple questions, we will answer the first question for you. If you want any particular question to be answered, please specify the question number or post only that question.

Money is defined as a medium of exchange, it is through which prices or value of the commodities are expressed.

It is expressed in the form of currency, and is in circulation among people and between countries

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