Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Monetization
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
Funding a business
What is the reason behind holding cash?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="TOZZIBLINKZ, post: 231807, member: 37528"] [I]Majority of people today prefer to hold money in cash rather than saving it in high security based financial institutions . it is understandable that we cannot always save all our money but rather have a little or medium amount of money which we can use to sort out daily activities . Like you have already mentioned there are actually three reasons why people prefer to hold money in cash which include the speculative motive , precautionary motive , and transactional motives . The reason to hold money just to be able to fend for our daily needs like buying what we eat for the day , paying our transport fare , and also funding our phone with airtime to call and data to browse or to go online , all falls under the motives of transactionary porpoises . Secondly , the reason to hold money in cash for the purpose of sorting out unforeseen and uncalled circumstances like being able to buy drugs when we in particular or any member of our family for sick or ill , and being able to pay unexpected bills like house rent and electricity bills when the need arise , all falls under precautionary motives or reasons and purposes to hold money in cash . Finally to be able to invest in any risk-free or risk-less investments possibly when they show up , falls under the ability to hold money for speculative motives or purposes . [/I] [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
Funding a business
What is the reason behind holding cash?
Top