O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2016 · Q91 Mark
What is the usual reason why citizens trust their country's banknotes?
AThey are acceptable for trade and exchange.
BThey are backed by gold at the central bank.
CThey are convertible into the US$ or Chinese Yuan.
DThey are recognisable and in infinite supply.
✓ Correct answer
A: They are acceptable for trade and exchange.
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