What gives paper money its value? O Paper money is valuable because it is generally accepted....

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What gives paper money its value? O Paper money is valuable because it is generally accepted. O Paper money is valuable because of the gold and silver owned by the large commercial banks. O Paper money is valuable in direct proportion to its commodity value, and thus can be converted to some other valuable use if it no longer is considered acceptable as money. O None of these choices. What gives paper money its value? O Paper money is valuable because it is generally accepted. O Paper money is valuable because of the gold and silver owned by the large commercial banks. O Paper money is valuable in direct proportion to its commodity value, and thus can be converted to some other valuable use if it no longer is considered acceptable as money. O None of these choices.

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Paper money is given value by the collective belief that it has value ... View the full answer