Question

22. Who has written : 'Money is what money does'?
किसने लिखा है: 'पैसा वही है जो पैसा करता है?*
O (a) Keynes कीन्स
O (b) Seligman सेलिगमैन
O
(c) German Economist-Knapp जर्मन
अर्थशास्त्री- नैप
O (d) Hartley Withers हार्टले विदर​

Answer 1

Answer:

F.A. Walker's

F.A. Walker's maxim that “money is what money does” is frequently cited within the fairly scanty literature that orthodox economics devotes to the nature of money.

Answer 2

F.A. Walker has written: 'Money is what money does'?

Explanation:

Walker has described 4 functions of the money.

• It is the medium of exchange.
• It stores the value of the money.
• It is a standard of the payment for particular regions.
• It has store of value.

The above mentioned sentence shows adaptable concept of the money.

Money includes

• Bank notes
• Promissory notes
• Shares
• Plastic money
• Debentures etc.

Walker has the argumentative approach towards traditional definition money.