Multiple Choice
Which of the following provides the best explanation of why money is valuable?
A) Money is valuable because it is declared legal tender by the government issuing it.
B) Money is valuable because it is scarce relative to the demand for the services it provides.
C) Money is valuable because it is backed by precious metals, primarily gold and silver.
D) Money is valuable because it has intrinsic value, independent of its use as a means of exchange.
Correct Answer:
Verified
Correct Answer:
Verified
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