Economics question...Please help me...

Question

What proportions of your money balance are held for transactions, precautionary, and speculative purposes? Can you think of any other purposes for holding money?

Answer 1

Transactions - ≈ 10%

Precautionary - ≈ 15%

Speculative are zero - I'm not invelved in all this atrading stuff.

All the rest are invested (100-10-15=100-25=75%) - if another form of money (not in currency / deposits / etc.)

Some people collect coins but partially it might be counted as investment.

Answer 2

Well, you've covered just about everything there. Maybe you're trying too hard. I'm only working a third as hard now and my grades are better.

Answer 3

who knows.