Question

Dollar bills in the modern economy serve as money becauseA.they have value as a commodity independent of their use as money.B.they are backed by the gold stored in Fort Knox.C.people have confidence that others will accept them as money.D.they can be redeemed for gold by the Federal Reserve.

Answer 1

Answer: The answer is C.people have confidence that others will accept them as money.

Explanation:

Answer 2

Dollar bills in the modern economy serve as money because C.people have confidence that others will accept them as money.

What is Dollar bills?

Dollar bills serves as a term that describes the use of Dollar currency to pay bills even out of the country that use dollar as the local currency.

Therefore, in the modern economy people respect the dollar currency abd use it as datum.

learn more about Dollar bills at;

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