In this paper we study the occurrence of local indeterminacy and endogenous fluctuations in a competitive infinite horizon economy with partial cash-in-advance constraint on consumption expenditures, and asses the cyclical properties of the model by allowing simultaneously technological and beliefs disturbances. We observe that, in contrast to many other one-sector models, indeterminacy and endogenous fluctuations are quite pervasive phenomena: they arise for arbitrarily small amplitudes of the liquidity constraint and for whatever specification for the fundamentals. By calibrating the model, we find that the model performs as well as other indeterminate models relying upon less plausible features such as strong increasing returns or unconventional calibration for utility functions.