Question

The cash balance theory has been
not developed by
Irving Fisher
O A.C. Pigou
O Alfred Marshall
O Robertson​

Answer 1

Answer:

The cash balance version of the quantity theory of money, though found in earlier writings of Locke, Petty and Cantillon became popular only in the twentieth century.

Following the lead of Dr. Marshall, some Cambridge economists, specially Pigou, Robertson, Keynes including R.G. Hawtrey, popularized and adhered to a slightly different version of the quantity theory of money, known as the cash balance approach, on account of its emphasis on cash balance (instead of transactions).