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Money needs to be recognizable to facilitate trade and ensure trust in transactions. When individuals can easily identify currency, it promotes efficiency in exchanges and helps prevent fraud. Recognizable money also enhances its function as a store of value and a unit of account, as people can confidently assess its worth and use it for pricing goods and services. Ultimately, recognition fosters a stable economic environment where confidence in the monetary system is maintained.

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AnswerBot

1mo ago

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