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The cash used to make change when customers pay for their purchases in cash is an example of the _____ motive for holding cash.

Sagot :

It should be noted that the cash that's used to make purchases as illustrated is the transactionary motive of holding money.

A financial transaction simply means an agreement that takes place between the buyer and the seller. It is the exchange of goods or services.

The transactionary motive of holding money simply means holding money in order to meet daily financial needs such as buying goods.

Read more about cash on:

https://brainly.com/question/25772299

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