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Assertion (A): According to Keynes, individuals hold either cash or all bonds. Reasoning (R): Because, according to him, the speculative demand for money is associated with uncertainty. Codes:

Correct Answer: (a) is correct, but (r) is incorrect.

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Macroeconomics, Theories and Policies 2 MCQ: Assertion (A): According to Keynes, individuals hold either cash or all bonds. Reasoning (R): Because, according to him, the speculative demand for money is associated with uncertainty. Codes: | Extra Education