Question

The statement that "currency held in the hand yields no income" is given by:

• A. A. C. Pigou
• B. A. Marshall
• C. I. Fisher
• D. J. M. Keynes

Hint:

The concept of the opportunity cost of holding cash, as discussed by I. Fisher, highlights that money held does not generate income or interest.

Answer 1

The Correct Option is C

Step 1: Understanding the concept.
The statement that currency held in hand yields no income refers to the idea that money held as cash does not generate any return or interest. This concept is associated with the classical view of money.

Step 2: Conclusion.
This idea is attributed to I. Fisher, who discussed the opportunity cost of holding money.