Fiona Munro
A dollar bill is just a peice of paper ,Deposits merely bookentries.Coins do have some intrinsic value as metal, but generallyfar less that face value ! Making them instruments - checks paper, paper money ,and coins acceptable at face value in payment of all debts and for other montery uses. mainly its the people that exchange such money for other finanical assets. and for real goods and services whenever they choose to do so . Money like everything else, derives its value from its scarcity in relationto its usefulness. :)
Printed copy · Anthology Volume 9, page 402
