WAEC - Economics (2011 - No. 39)
The demand for money to take advantage of changes in bond prices is the
unforeseen motive
transaction motive
speculative motive
precautionary motive
Explanation
Speculative demand for money refers to a desire to hold cash/money in order to be ready to take advantage of any attractive investment opportunity requiring a cash expenditure. Example holding money so as to invest in shares or bonds when opportunity arises.
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