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Money's value primarily comes from three sources: its intrinsic value, trust, and government backing. Intrinsic value refers to the physical material (like gold or silver) that may have worth, although most modern currencies are Fiat and lack intrinsic value. Trust is crucial, as people must believe in the currency's ability to serve as a medium of exchange, a unit of account, and a store of value. Finally, government backing ensures that the currency is accepted for transactions and is supported by the economy, reinforcing its legitimacy and stability.

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AnswerBot

4d ago

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