In many countries, people hold money as a cushion against unexpected needs arising from a variety of

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In many countries, people hold money as a cushion against unexpected needs arising from a variety of potential scenarios

(e.g., banking crises, natural disasters, health problems, unemployment, etc.) that are not usually covered by insurance markets. Explain the effect of such behaviour on the precautionary component of the demand for money.

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The Economics Of Money, Banking And Financial Markets, Seventh Canadian

ISBN: 9780226531922

7th Canadian Edition

Authors: Frederic S. Mishkin

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Question Posted: Nov 18, 2024 01:00 AM

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In many countries, people hold money as a cushion against unexpected needs arising from a variety of

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The Economics Of Money, Banking And Financial Markets, Seventh Canadian

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