Question

Representative money has value because

a.the government who issued the money says it has value

b.it can be redeemed for valuable goods

c.it is the main medium of exchange in the barter system

d.it is intrinsically valuable

Answer 1

Step-by-step explanation:

With representative money, the value of money is tied to a physical good, so the value of the money is directly dependent on how much of that physical …