Answered

Match the term to the correct definition.

A. Extrinsic value
a. Currency that is based on a given value, not the material it was made from

B. Intrinsic value
b. Currency based on the material it is made from



Answer :

GinnyAnswer

Final answer:

Intrinsic and extrinsic values of money explained with examples.


Explanation:

Intrinsic value refers to value inherent to an item itself, irrespective of its use, compared to extrinsic value which is based on external factors like material or demand. For example, gold coins have intrinsic value due to their material, while paper money's value is extrinsic.


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