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3 MOTIVES FOR HOLDING MONEY

3 MOTIVES FOR HOLDING MONEY

According to John Maynard Keynes, there are three reasons or motives for holding money. These are transaction motive, p…

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10 EFFECTS OF INFLATION

10 EFFECTS OF INFLATION

Inflation may be defined as a sustained rise in the money prices of goods and services in the economy. There are severa…

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DIRECT AND INDIRECT COSTS

DIRECT AND INDIRECT COSTS

Based on traceability, costs can be classified into direct and indirect costs. Now let's look at direct and indirec…

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10 IMPORTANCE OF MONEY

10 IMPORTANCE OF MONEY

Money plays an important role in the modern economy.  In our economy today, money facilitate the exchange of goods and …

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3 CLASSIFICATIONS OF MONEY

3 CLASSIFICATIONS OF MONEY

Money can be grouped into three main types, namely metallic money, paper money and credit money. Metallic money  This r…

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