Geography

Geography, 25.07.2019 01:30, cvbnkifdfg

Paper money or currency that is legal gender proclaimed to be money by law called? a. full-bodied money b. fiat money c. bimetallic money d. ethical money

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Business, 24.06.2019 09:20, bfgnnnbddf6830

Historically, money has not always been of uniform quality. for example, diamonds were often used as a form of money, but every diamond is different. what problem occurs when money is not of a uniform quality? people will hoard high-quality money and spend low-quality money. as a result, the money used in transactions will be of inferior quality. people will turn to commodity money if they don't trust paper money. people will rely on barter rather than accept money as payment. unlike pennies and nickels, which cost more to produce than they are worth, paper money and quarters are: a good store of value examples of token money useful as a medium of exchange cattle can be used as money but can also be slaughtered for food. cattle are an example of: commodity money fiat money ideal money

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Business, 25.06.2019 05:40, nae467

Which of the following statements accurately describes the relationship between commodity money and fiat money? a. neither type of money can be used for any purpose other than as a medium of exchange. b. commodity money has value in itself while fiat money has value only because it is given value. c. both commodity money and fiat money require a free-market system. d. fiat money only has value if commodity money is a precious metal such as gold. 2b2t

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History, 06.07.2019 01:00, mucciak9414

The difference between representative money and fiat money is that a.) representative money can be converted into silver or gold; fiat money cannot. b.) representative money is worth more per dollar than fiat money, which is actually worthless c.) fiat money is counted in coins; representative money is counted in paper money d.) fiat money is more traditional than representative money, which is a newer concept

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Business, 22.10.2019 14:00, krojas015

Which of the following most accurately explains why fiat money differs from commodity money? fiat money can also be used as a productive input. fiat money has value because it is a precious metal such as gold. fiat money only has value as a medium of exchange. fiat money has value because it enables the barter system to work.

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