Assertion (A): According to Keynes, individuals hold either cash or all bonds. Reasoning (R): Because, according to him, the speculative demand for money is associated with uncertainty. Codes:
A)both (a) and (r) are correct and (r) is the correct explanation of (a).
B)both (a) and (r) are correct, but (r) is not the correct explanation of (a).
C)(a) is correct, but (r) is incorrect.
D)both (a) and (r) are incorrect.

Question

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The Answer of Assertion (A): According to Keynes, individuals hold either cash or all bonds. Reasoning (R): Because, according to him, the speculative demand for money is associated with uncertainty. Codes:
A)both (a) and (r) are correct and (r) is the correct explanation of (a).
B)both (a) and (r) are correct, but (r) is not the correct explanation of (a).
C)(a) is correct, but (r) is incorrect.
D)both (a) and (r) are incorrect.

Assertion (A): According to Keynes, Individuals Hold Either Cash or All