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New Forms of Money

The value of ...

Question

The value of paper money today is dependent on the value.

A

representative

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B

intrinsic

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C

full bodied money

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D

exclusive

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Solution

The correct option is A representative
The value of paper money is established by decree. It does not hold any intrinsic or representative value.
It is determined by the supply and demand of currency, and the government fixes this value.

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