0
Money, especially paper money, is backed by the gold reserves of the issuing bank
What else can I help you with?
What gives fiat money its value as a medium of exchange?
Laws set by the government give Fiat money its value as a medium of exchange. Unlike traditional money or currency, it has no good which act as a medium to back it up.
What brands of laptop computers give you the best value for the money?
The brands of laptops that give you the best value for your money are Apple computers. They last longer than most laptops and they have more capabilities than other laptops.
Pigman-Why does john's mother refuse to give him money when he asks for it?
John's mother refuses to give him money because she believes he has been wasting it and not using it responsibly. She wants him to learn the value of money and be more responsible with it.
What is money for investment?
Using money or capital to buy an asset with the hope that the value of that asset will increase and give you the opportunity to sell at a profit.
How do you Change foreign money?
There are websites that can give you the value. To change the money, you have to go to a currency exchange. They have them at international airports and in big cities.
What was Money value in 1920s?
Every hundred dollars was worth around 500.00 give or take.
Why is there money?
so people could give it instead of trading something the same value but you have to earn it.
What are the duties and responsibilities of a sales and marketing executive?
to match the customer needs.. And give him the value for the money
Which speakers will give me the best value for my money?
Pioneer speakers are always great for performance and price.
Do you have to exchange American money for Canadian money?
Throw all of your American money off of a Canadian bridge. The Canadian next to you will feel so sorry for you that he will give you the equivalent value in Canadian money.
What PS Home Actions Give PlayStation Network Money?
I'm not aware of any that wil give you money in your Playstation Wallet. Most gifts that you get or items you earn are virtual items that have a value if purchased at the Playstation Store, but you can not take the money
What is the alternative to using money?
The alternative to using money is to trade. Rather than using money as a measure of value people trade goods and services for other goods and services. If I offer to clean your house in exchange for you repairing the brakes on my car, that is an example of trading. With money, this transaction would still be the same, but money would represent the value passed between people. I would give you money for repairing my car and then you would give it back to me when I cleaned your house.
