How is the value of money originally determined?  a. By a discount cash flow analysis of the commodity in question b. By whichever asset is decreed by a government as the money of the land c. By using game theory, where market participants appraise how other participants value it d. By its use in the production of other goods, such as when it is used in the production of high-value goods

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter12: Money, Banking And The Financial System
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How is the value of money originally determined? 

a.

By a discount cash flow analysis of the commodity in question

b.

By whichever asset is decreed by a government as the money of the land

c.

By using game theory, where market participants appraise how other participants value it

d.

By its use in the production of other goods, such as when it is used in the production of high-value goods

 

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