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What most accurately explains why fiat money has no value in itself?
Fiat money has only a single use as a medium of exchange.
What most accurately explains why fiat money has value in itself?
Fiat money has only a single use as a medium of exchange.
Ask us of the following most accurately explains why fiat money differs from commodity money?
Fiat money has value bc the gov. declares that it has value.
What accurately explains why fiat money has no value in itself?
Fiat money has only a single use as a medium of exchange.
Which of the following most accurartely explains why fiat money has value?
Fiat money has value because the government declares that it has value.
What most accurately explains why fiat money has no value in itself?
Fiat money has only a single use as a medium of exchange.
What most accurately explains why fiat money has value in itself?
Fiat money has only a single use as a medium of exchange.
Ask us of the following most accurately explains why fiat money differs from commodity money?
Fiat money has value bc the gov. declares that it has value.
What accurately explains why fiat money has no value in itself?
Fiat money has only a single use as a medium of exchange.
Which of the following most accurartely explains why fiat money has value?
Fiat money has value because the government declares that it has value.
What explains why Fiat money has no value in itself?
fiat money has only a single use as a medium of exchange
Which statements accurately describes the relationship between commodity money and fiat money?
Commodity money has value in itself while fiat money has value only because it is given value
What is the meaning behind the term Fiat money?
Fiat money is the term used to describe money that has it's value determined by the law or government. This means that most currencies are fiat money as most currencies are government issued.
Which form of money do most countries use today?
Fiat money
What pairs is most similar to each otherapex?
fiat money and digital money
What explains the difference between fiat money and commodity?
Commodity money can be used for some other purpose while Fiat money can only be used as a medium of exchange.Commodity (sometimes referred to as "Hard") money is currency which is fully backed by a specie (usually a precious metal i.e. Gold, Silver, or Platinum). Fiat money is backed only by a promise of the issuing government to honor the value of the bill or coin.
What is the difference between fiat money and representative money?
the difference between representative money and fiat money is that?A)representative money can be converted into silveror 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.D)fiat money is mre traditional than representative money,which is a newer concept. :)
