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What aspect of fiat money allows it to have more stability than representative money?
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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. :)
What is the difference between representative money and commodity money?
A) Commodity money consists of objects used as money that contains their own value, but representative money is a specific group of the commodity objects. B) Commodity money consists of objects that have value in and of themselves, but representative money makes use of objects because the holder can exchange them for something else of value. C) Representative money allows objects to be exchanged for something else, but commodity money has value because the government decreed it is an acceptable means to pay debts. D) Representative money consists of objects that have value in and of themselves, but commodity money makes use of objects because the holder can exchange them for something else of value The answer is B.
Is the type of money used in the US commodity money representative money or fiat money?
puppys
What are objects that have value in themselves and that are also used as money?
Representative money
What is currency stability?
Currency stability is when money is worth a set amount over a period of time. There is not a fluctuation in the value of currency.
Why is representative money more useful than commodity money?
What is the difference between commodity money and representative money
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. :)
What is the difference between representative money and commodity money?
A) Commodity money consists of objects used as money that contains their own value, but representative money is a specific group of the commodity objects. B) Commodity money consists of objects that have value in and of themselves, but representative money makes use of objects because the holder can exchange them for something else of value. C) Representative money allows objects to be exchanged for something else, but commodity money has value because the government decreed it is an acceptable means to pay debts. D) Representative money consists of objects that have value in and of themselves, but commodity money makes use of objects because the holder can exchange them for something else of value The answer is B.
What is financial stability?
Financial stability is the ability to meet your monthly obligations. With most people financial stability includes the ability to save money.
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 the type of money used in the US commodity money representative money or fiat money?
puppys
What are objects that have value in themselves and that are also used as money?
Representative money
What term that best exemplifies the freedom to spend your money the way you want?
financial stability (apex)
Which is a power of the house of representative?
money bills
Which is an example of representative money?
an IOU note
What is currency stability?
Currency stability is when money is worth a set amount over a period of time. There is not a fluctuation in the value of currency.
The idea that prices income and economic stability are primarily a function of growth in the money supply is called?
This is known as money, or currency, stability. Prices, income and economics must be stable and constant in order for the money supply to grow.
