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In economics gold and salt are examples of which form of money?
Gold and salt are examples of commodity money in economics. Commodity money is backed by the intrinsic value of the goods or commodities themselves.
The smallest piece of gold that is still gold is?
A single atom of gold is the smallest piece of gold that can still be considered gold. Gold is a chemical element, and even in its smallest form, it retains the properties that define it as gold.
Where did the gold rush people put their gold?
they put the gold i their homes.people from the gold rush took their money where ever they go or they stayed their so people wont still it.
What is Rich Gold Bullion?
There is nothing in relation to gold called "rich gold bullion." The wording is used in a money-making skeme in the form of "Sell Gold and Grow Rich Gold Bullion Money Making System." Not much information can be found online about it.
What is an example of representative money?
An example of representative money would be a gold certificate issued by a bank that can be exchanged for a specific amount of gold. These certificates are backed by the gold held by the bank and can be used as a form of currency.
Is cash for gold trustworthy?
Gold is full bodied money with intrinsic value for the face value against the representative paper money with reserve kept in form of gold as legal tender money and therefore trustworthy only if the quality,value and ownership of the gold will not entail any legal hassle.
The most liquid form of money is?
Cash but unfortunately it is not safe from inflation so the second most liquid there is is gold. Gold coins
Is gold powder still a solid?
Yes, gold powder is still considered a solid substance. It may have a different physical state compared to a solid bar of gold, but gold particles in powder form retain their solid properties.
What is the maximum amount of money you can have in AQW?
4 million gold but with no cap so if you have 3999999 for your money and get 10000 it will still give it to you and you will have 4009999
Did George Washington create coin money?
No. Money in the form of coins had been around long since before George Washington was even born. This was in the form of gold coins.
Will Gold replace paper money?
It is unlikely that gold will replace paper money as the primary form of currency. Paper money is more convenient for everyday transactions and is backed by governments. Gold is more commonly used as a store of value or investment asset.
What did people use before money was invented?
Bartering.Trade with Gold & Silver primarily. (still do to this day)
