Note AcademyNote Academy
Start

Economics · Oct / Nov 2025 · Paper 13 · Question 10

2281Money and banking

Why do banknotes function as money?

  1. AThey are backed by gold.
  2. BThey are durable.
  3. CThey are generally acceptable.
  4. DThey have intrinsic value.

As printed in the paper

Show the answer

Correct answer: C. They are generally acceptable.

Sit this whole paper →More on Money and banking

Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.