Question
The liquidity preference approach distinguishes itself from the loanable funds approach because the former is based on the desire to hold cash as opposed to
the former is based on the desire to hold cash as opposed to holding bonds for the latter approach.
the former is based on the desire to hold bonds as opposed to holding cash for the latter approach.the former is based on peoples desire for liquid assets whilst the latter is based on peoples need for loans.the former is based on peoples willingness to maintain a certain degree of liquidity whilst the former is based on peoples needs for loans.
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
