In order for an item to serve as money, it must be intrinsically valuable.

Name: In order for an item to serve as money, it must be intrinsically valuable.
Brand: Quizplus
Rating: 4.9 (55 reviews)

Question

Quizplus · Accepted Answer

Money does not need to be intrinsically valuable; it needs to be widely accepted as a medium of exchange, a unit of account, and a store of value. Many forms of money, like paper currency or digital money, have no intrinsic value but are used as money because people trust and accept them for transactions.

In Order for an Item to Serve as Money, It