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Who said the following? “Money is what money does.”
Question

Who said the following? “Money is what money does.”

A.

Prof. Seligman

B.

Prof. Cole

C.

Prof. Walker

D.

Prof. Robertson

Correct option is C


The correct answer is (c) Prof. Walker.
· The statement "Money is what money does" is attributed to Prof. Walker.
· This phrase by Prof. Walker encapsulates the functional approach to defining money.
· Rather than focusing on the intrinsic qualities of money, this definition emphasizes the roles and functions money performs in an economy.
· Prof. Edwin R.A. Seligman is an influential American economist and a pioneer in the field of public finance.
· He is well-known for his work on the theory of taxation and the economics of public expenditure.
· Prof. Arthur H. Cole is an American economic historian known for his contributions to economic history and business history.

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