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1 December, 02:43

Dollar bills in the modern economy serve as money because

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  1. 1 December, 02:59
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    The reason for this is that the people will accept it as money confidently.

    Explanation:

    Since the definition of money explains that money can be anything that is accepted by the people and serve as the medium of exchange. However, in the case of a dollar bill, people have accepted it as a medium of exchange.
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