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Q. What are the factors that determine the amount of money an individual desires to hold?
Answer: Three major factors that are first one the expected return the asset offers compared with the returns offered by other assets second one the riskiness of the asset's expected return and third one is the asset's liquidity.
Why we Devising an International Monetary System
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Q. Explain the Asian financial crisis as it unfolds beginning with the valuation of the Thai currency in July 1997, followed by the Malaysian, South Korean and Indonesian crises.
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