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Does monopoly have math in it?
It's not all based on math, but there is a little math involved, as you're dealing with prices and money.
What is Public Law 88 36?
In the 1960's Public Law 88-36 was passed and silver was eliminated as the underlying exchange for one and two dollar bills.According to Sir Thomas Gresham, a British Economist in the mid-16th century who formulated the principle known as Gresham's Law: "When coins of equal face value but different intrinsic value are put into circulation side by side, the coin with the higher intrinsic value will be hoarded and only the coin of lower intrinsic value will remain in circulation." In 1965, the U.S. government discontinued minting U.S. dimes, quarters and half dollars with a 90% silver content and switched instead to cheaper cupro-nickel coins with less intrinsic value. As Gresham's Law predicted, bad money drove out the good, and pre-1965 silver coins quickly disappeared from circulation. One of the results of that situation was that a new industry dealing in the sale of silver coins to investors was born. I hope this answers your query![syed Amir]
What is the U.S. monetary system based on?
The U.S. monetary system is based on credit; and its money supply consists of currency, coins and checkable public deposits in the banking system. Since 1968, the value of the currency is based on its purchasing power in the economy and around the world.
What is the absolute value of money?
Absolute value, also known as an intrinsic value, refers to a business valuation method that uses discounted cash flow (DCF) analysis to determine a company's financial worth. The absolute value method differs from the relative value models that examine what a company is worth compared to its competitors.
Is swift code and routing number the same?
No the swift code and routing number are not the same. The swift code is used when transferring money internationally. The routing number is American based and used when transferring money in America.
What type of money has value based on intrinsic worth?
Commodity money
What type of money is nonconvertible and has no intrinsic?
flat money
What is token money?
token money is a money which its intrinsic than paper money
What type of money is nonconvertible and has no intrinsic worth?
flat money
How do you determine whether the currency option is in the money?
"In the Money" is a term used in option trading as a determinate to if an option has "Intrinsic Value." In the Money, does NOT mean in profit. There are two components to an option value, TIME VALUE, and INTRINSIC VALUE. Time Value + Intrinsic Value = Option Premium. When the market price is above the option strike price of a CALL option, that option is considered "In the Money" i.e. having intrinsic value. When the market price is below the option strike price of a PUT option, that option is considered "In the Money" i.e. having intrinsic value.
What is the difference between fiat money and token money?
Token money is a type of money whose intrinsic worth is less than its nominal value eg its value as money is less than its value as metal while fiat money is a type of money which intrinsic value is more than its nominal value.
Money is the most liquid asset available because?
it has intrinsic value
What money has little or no intrinsic value but has vale mandated by a government and backed by the law and power of the states?
fiat money.
What kind of money has no value except as a medium of exchange?
The term "fiat money" means money backed by the credit of the issuer, and has no intrinsic value.
Who said all paper currencies eventually reach their intrinsic worth?
The French philosopher Voltaire is credited with the quote;"Paper money eventually returns to its intrinsic value ---- zero."
What is intrinsic reward?
If you derive joy, happiness or another internal reward from doing an activity it is an intrinsic reward. Extrinsic rewards motivate actions, yet do so with things such as money or grades.
What is the difference between face value and intrinsic value of money?
face value is the value written on the coin(currency),and intrinsic value is one which when the same coin is melted and that metal is sold the cost of that. before tuglak's rule the face value of the currency was equal to intrinsic value in india.
