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What factors determine the amount of money held for precautionary purposes?

      

Give factors that determine the amount of money held for precautionary purposes.

  

Answers


Maurice
(i) Individuals' temperament.

(ii) Duration between incomes.

(iii) Income level.

(iv) Family status.

(v) Age of individual.

(vi) Number of dependents.
maurice.mutuku answered the question on July 13, 2017 at 06:33


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