Single Answer MCQ
Q-00015858
Which of the following is a key characteristic of modern currency?
1
It is made of valuable metals.
2
It has no intrinsic value.
3
It can only be used in specific currencies.
4
It generates wealth independently.
Answer and Solution
Answer
B. It has no intrinsic value.
Solution:
Modern currency has no intrinsic value; its acceptance relies on government authority and the trust of the people.
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