Which of the following is not a motive to hold cash?

The correct answer is C. Capital Investment.

The three motives for holding cash are:

• Transactionary motive: People hold cash to make everyday transactions.
• Precautionary motive: People hold cash to meet unexpected expenses.
• Speculative motive: People hold cash to take advantage of investment opportunities.

Capital investment is not a motive for holding cash. Capital investment is the purchase of long-term assets, such as equipment or buildings. It is not a liquid asset, and it cannot be used to make everyday transactions or meet unexpected expenses.