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2. Representative money gets its value from the fact that *
O it represents objects of value for which it can be exchanged
O
it is backed up by silver or gold
O the government states that it is an acceptable means to pay debts
it is a valuable commodity



Answer :

GinnyAnswer

Final answer:

Representative money derives its value from government backing as an accepted mode of payment.


Explanation:

Representative money gets its value from the fact that the government states that it is an acceptable means to pay debts. It is a form of currency that is not backed by a physical commodity like gold or silver but is instead backed by the government's declaration of its value.


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