Questiona describe the essential characteristics of moneyb, Ask an Expert

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Question:

(a) Describe the essential characteristics of money.

(b) Keynes identified three motives for holding balances of money.

(i) What are these three motives?

(ii) Give a brief description of each.

(c) Rank the following financial assets in order of decreasing liquidity.

Mortgages on property
Government treasury bills
Bank deposits
Notes and coins
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Corporate Finance, Finance

Category:- Corporate Finance
Reference No.:- M9586680

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