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0 votes
How do we know our current money has value?

People talk about money a lot.
It is backed by gold.
People accept it in exchange for goods or services.
It has many security measures.

2 Answers

3 votes

Answer:

People accept it in exchange for goods or services

Step-by-step explanation:

The first option is incorrect because the amount of people discussing a topic does not give something value. If a majority of people agree that money has value, there is still the minority who will not except its value. The second option is also incorrect because it is no longer backed by gold. The final option is also wrong because an items security measures do not declare that items value. This leaves the third option to be correct. Today, people accept country's money because they know it has value. It is accepted.

User Nickolay Kolev
by
4.8k points
4 votes

Answer:

People accept it in exchange for goods and services

Step-by-step explanation:

It has no value until someone accepts it for something

User Mwchase
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5.8k points