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Precautionary demand for money

• The need to meet unexpected or extraordinary contingencies with a buffer stock of cash.

 
 

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 Cash
Stock
 
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What to Know Before Declaring Your Financial Independence: Twenty-somethings may not realize it, but every time they enter a new phase of their life as young adults - perhaps starting college, a career or a family - they're also venturing into a new world of money management. Here are ways to be prepared. More...

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