Consider the following statements regarding the demand for money and choose the correct statements. A. Speculative demand for money is inversely related to the rate of interest. B. Demand for money balance is often referred to as transaction preference. C. People desire to hold money broadly for speculative and transaction motive. D. Transaction demand for money is inversely related to the real income of an economy. Choose the correct answer from the options given below:

Question

Option 1: A and D only

Option 2: B and D only

Option 3: A and C only

Option 4: B, C and D only

AfterBoards · Accepted Answer

The answer is 'A and C only'. View full solution:

CUET Economics 2026 19th May Shift 2 PYQs

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