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A person is preparing for a long automobile trip and cashes in a certificate of deposit for cash in case of emergencies along the way.

A person is preparing for a long automobile trip and cashes in a certificate of deposit for cash in case of emergencies along the way. This is an example of the

a. transactions demand for money.

b. asset demand for money.

c. wealth demand for money.

d. precautionary demand for money.

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