Who believed that people had transactional,precautionary,and speculative motives for holding money?

A) John Maynard Keynes and the classical economists
B) Neither John Maynard Keynes nor the classical economists
C) The classical economists,but not John Maynard Keynes
D) John Maynard Keynes,but not the classical economists

Transactional Motive

relates to the need to hold cash for the purpose of conducting day-to-day transactions.

Precautionary Motive

The desire to hold cash or liquid assets to guard against unexpected events and emergencies, influencing how individuals and firms manage their finances.

Speculative Motive

The speculative motive is the desire to hold cash or other assets with the expectation of making a profit from fluctuations in their price or value.