The International Council On Hotel, Restaurant & Institutional Education (I-CHRIE) was founded in 1946 as a non-profit organization for schools offering programs in hotel and restaurant management, food service management and culinary arts.
Hence, Lionel haven joined the International Council on Hotel, Restaurant and Institutional Education for career guidance is aspiring for a profession in hospitality or food-service management.
Liquidity preference theory was given by J.M Keynes. He states that money is demanded by people because it holds certain liquidity.
There are various motives involved for which people prefer liquidity. These motive are precautionary, transactionary and speculative motives respectively.
When the demand for money is more than supply, it means there is excessive demand. This excess demand will lead to increase in the interest level. At higher interest, the quantity of money demanded will fall.
