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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 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
Which is a power of the house of representative?
money bills
Which is an example of representative money?
an IOU note
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 are the responsibilities of sale representative?
to take care of money and to get funds
What is the house of Representative jobs?
they aprove money spent for taxes
Which of these does not describe representative money?
it only has value because the government says it does
What form of money has value only because the government says it does?
representative money (A+) -Emmy aka Hello Kitty Fiat Money (A+) -Hailey
