is money like a country stock?

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Since money basically represents the confidence in the capacity of a countries economy to provide you with a service or good would the value of say the US dollar fall if everyone quit working overnight?

In: Economics

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Anonymous 0 Comments

It’s kinda the opposite of that, actually (at least according to one theory of where a currency gets its value). The reason your money is worth anything can be seen to be derived from the fact that you pay taxes in that currency. So as long as the entity issuing the currency is there to collect taxes, the currency is useful.

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