Maths and Stats by Email | Money: "Article The value of money
It’s clear that a one dollar coin is worth two 50 cent coins. Yet here in Australia, 50 cent coins are bigger, heavier, and made of similar metals. So why is the dollar coin worth more?
The short answer is that government tells us. In Australia, there are many laws about our money. One important law in this country states that Australian money must be accepted as a method of payment. These laws make sure that a one dollar coin is worth one dollar. But this isn’t the only way that money can be valued."
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