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Describe the specific circumstances of demand for money

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Reference no: EM132506461

There are three reasons why people demand money: for use in transactions, for precautionary reasons (meaning in case of emergencies) and for speculative safety (meaning in case some investments drop in value). Give an example of a time when you demanded money for each of these reasons. Describe the specific circumstances of your demand for money.

Reference no: EM132506461

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