Problem
1. List the advantages and disadvantages of holding savings in the form of money.
2. What do you think is meant in the text by a ‘purely financial transaction'? Can you provide some examples? Are purely financial transactions necessarily speculative?
5. There is a distinction made in the economics literature between ‘consumption' and ‘consumption expenditure'. This distinction implies differ ent definitions of ‘saving'. What are these different definitions and how do they relate to the discussion in the text about information and uncertainty?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.