Direction: Given below are some idioms/phrases followed by four alternative meanings to each. Choose the most appropriate response from among (1), (2), (3) or (4), and mark your response.
Penny-wise and pound-foolish
1
Wise to spend each penny carefully
2
Careful about small amounts but careless about large amounts
3
People who don't understand the importance of each penny
4
Careful about large amounts but careless about small amounts