English

Who is known for classifying the functions of money into primary, secondary, and contingent functions?

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Question

Who is known for classifying the functions of money into primary, secondary, and contingent functions?

Options

  • Prof. Walker

  • Adam Smith

  • David Ricardo

  • David Kinley

MCQ
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Solution

David Kinley

Explanation: 

Economist David Kinley specialised in money and banking and classified money’s functions into these three groups.

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