Single Answer MCQ
Q-00045385
Which of the following is NOT a feature of modern money?
1
Issued by a central authority
2
Accepted for all transactions
3
It has intrinsic value
4
Legally recognized
Answer and Solution
Answer
C. It has intrinsic value
Solution:
Modern money, like currency and coins, does not have intrinsic value; rather, its value is derived from government regulation and public trust.
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