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1___________________________. A $10 note is worth far more as money than as a 3x6 inch piece of high-quality paper. 2____________________________. By collectively agreeing to use token money, society economizes on the scarce resources required to produce money as a medium of exchange. 3_____________________________. The essential condition for the survival of token money is the restriction of the right to supply it. 4___________________________.
A token money is a means of payment whose value or purchasing power as money greatly exceeds its cast of production or value in uses other than as money.
Similarly, the monetary value of most coins exceeds the amount you would get by melting them down and selling off the metals they contain.
Since the manufacturing costs are tiny, why doesn’t everyone make $10 notes?
Private production is illegal.