Once you attempt the question then PrepInsta explanation will be displayed.
So, the right answer would be:
1. According to L, other 4 friends have money , other 4 friends here refers to M, N, O, P, as he is lying, L has the money.
2. According to M, P said that exact one has money , as he is lying, P is not telling that exactly one has the money, so O, L, N must have said that one has the money, as they are liers, 3 can have the money.
3. According to N, L said that precisely 2 have money, as he is lying, L did not say that 2 have the money, so P, M, O said that two will have the money. As P, M, O are liers, two of them can have the money.
4. According to O, M said that 3 have money, as he is lying, M did not say that 3 have the money, so P, L, N must have said that 3 have the money. As P, L, N are also liers, one will have the money.
5. According to P, L and N said that they have money, as he is lying, L and N did not say that they have the money, so M and O must have said that they have the money. As M, O are also liers, L and N will have the money.
So conclusions of the statements
As statements (2) and (4) contridict each other, they can be neglected.
From statements (3) and (5), the two people wh0 have the money are L and N.
From statement (1), it can be concluded that L has the money.
But there is no substantial evidences to confirm that N has the money. Thus L has the money
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