State whether the following is an example of the transactions, precautionary, or speculative motive for holding money:

a. I like to have the flexibility of buying a few things for myself, such as a latte or a snack, every day, so I generally carry $10 in my pocket.

b. I never know when my car will break down, so I always keep $50 in my pocket.

c. When the stock market is falling, money managers generally hold more in cash than when the stock market is rising.

d. Any household has bills that are due every month.