> For the complete documentation index, see [llms.txt](https://earn.blink.sv/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://earn.blink.sv/chapter-102-what-is-money/102.01-lesson-money-social-agreement.md).

# 102.1 Lesson - moneySocialAgreement

**Screen:** moneySocialAgreement

**Headline:** Money is a social agreement.

**Reward:** 2

**Text:** Money requires people to trust. People trust the paper dollar bills in their pocket. They trust the digits in their online bank account. They trust the balance on a store gift card will be redeemable. Having money allows people to easy trade it immediately for a good, or a service.

\=================================================================

## QUIZ

**Question:** Why does money have value?

**Answer:** Because people trust that other people will value money similarly

**Feedback:** Correct. This is what allows money to work!

**Correct:** true

**Answer:** Because your mother told you so

**Feedback:** She may well have. But that is not the correct answer here!

**Correct:** false

**Answer:** Because a dollar bill is worth its weight in gold

**Feedback:** Nope. In the past you could exchange US dollars for gold. But this is no longer the case.

**Correct:** false

<figure><img src="https://1338244536-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FYs80E1ZcBg68Dj7wlLzr%2Fuploads%2Fgit-blob-f4d2092e3927b3ef3af11087cb65be7a73abf0e3%2Fimage%20(15).png?alt=media" alt=""><figcaption></figcaption></figure>