Match the following definitions with their authors
List-I (Definition of money) | List-II (Economist) |
a. Money is what money does | 1. Walker |
b. Anything that is widely accepted in exchange for goods or business obligations | 2. G. D. H. Cole |
c. The essence of money is that after a function of circulation can be given from one hand to another for another task | 3. D. H. Robertson |
d. A commodity for which there is a general acceptance | 4. Seligman |
A. a-1, b-3, c-4, d-2
B. a-1, b-3, c-2, d-4
C. a-3, b-1, c-2, d-4
D. a-3, b-1, c-4, d-2
Answer: Option B
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