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Question
Which of the following would be classified as precautionary demand for money?A. You keep a $1000 in a money market account because the return is better than a savings account at your bank
B. You apply for and receive a credit card with a $1000 limit
C. You put $1000 in a savings account at your bank for emergencies
D. You put $1000 in your checking account each month to cover your regular expenses
Answer
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Related questions
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