Answer correctly brainlist

Representative money has value based on:

A. the type of material that was used to make it.

B. an agreement that it can be exchanged for something else.

C. the role it plays in traditional religious ceremonies.

D. a government declaring that it is a legal currency.

Money can be defined as any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.

Representative money can be converted into silver or gold.The representative word itself shows that it represents something else. The representative money have no intrinsic value on its own but it represents something which has an intrinsic value like gold or silver.

Therefore, correct option is A.

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Answer correctly brainlist Representative money has value based on: A. the type of material that was used to make it. B. an agreement that it can be exchanged for something else. C. the role it plays in traditional religious ceremonies. D. a government declaring that it is a legal currency.

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Answer correctly brainlist

Representative money has value based on:

A. the type of material that was used to make it.

B. an agreement that it can be exchanged for something else.

C. the role it plays in traditional religious ceremonies.

D. a government declaring that it is a legal currency.