Question

Modern currency is not made up of any precious metals and does not have any use of its own. Still, it is accepted as money because _____ .

• A. it is authorized by the government of the country
• B. it can be issued by any legal authority in a country
• C. it is made of some metal or paper
• D. all of the above

Answer 1

The correct option is A it is authorized by the government of the country

Modern currency is not made of precious metal such as gold, silver and copper. And unlike grain and cattle, they are neither of every day use.
The modern currency is without any use of its own. Still, it is accepted as a medium of exchange because the currency is authorized by the government of the country