खालील व्याख्या कोणत्या मुद्रा अर्थशास्त्रज्ञाने केली आहे ते सांगा ? "मुद्रेचे मूल्य म्हणजे वस्तू व सेवा खरेदी करण्याची मुद्रेची शक्ती असून ती सापेक्ष मूल्य स्तरावरून ओळखली जाऊ शकते".

The correct answer is Option C (Prof. Seligman).

Key Points:
• Correct Option Evaluation: The correct answer is option (3) Prof. Seligman.
• Definitions of Value of Money:
• Prof. Edwin R.A. Seligman defined the value of money precisely as its purchasing power over goods and services, which is inversely related to and identified through the general relative price level.
• Analysis of Other Economists:
• Prof. Crowther (Option 1) defined money functionally ("Money is what money does").
• D.H. Robertson (Option 2) and J.M. Keynes (Option 4) made extensive contributions to monetary theory, liquidity preference, and the quantity theory of money, but this specific definition belongs to Seligman.
• Exam Insight: Monetary economics questions in MPSC often test classical definitions given by prominent economists regarding inflation, purchasing power, and money value.
• Key Takeaway: Prof. Seligman defined the value of money as its purchasing power over goods and services.