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Question $7$

$10$ pts

Individuals hold precautionary balances in order to

Make anticipated expenditures $($Saving Money to Buy Stock at a lower Rate $2$ Months From Now when Stock Prices are Historically Lower each year in October$).$

Take advantage of future changes in bond prices.

Make speculative purchases $($Saving Money to Buy a Future Home in $5$ years$).$

None of the Answers are Correct.

Pay for emergency purchases $($example: Emergency Room Services$).$