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Commodity money has value in itself while flat money has value only because it is given value
flat money
he LM curve is flat when money demand is very responsive to interest rates. That is, when you have a flat money demand curve. Interest rates only have to increase by a little in order to get rid of bonds since money demand is very reactive to interest rates.
The current value depends on condition and variety (there are "flat S" and "clear S" 1979 Kennedy half-dollars--the "clear S" variety is less common and worth more). Without knowing the current value, there is no point in trying to estimate the future value.
Bahamas currency is flat because if it's equivalent to the US dollar
Commodity money has value in itself while flat money has value only because it is given value
Because governments say it does.
Fiat money has only a single use as a medium of exchange
Fiat money has only a single use as a medium of exchange
The world is round, and maps are flat. It is difficult to accurately display a round object on a flat piece of paper.
Flat model
flat money
flat money
Paper money goes in flat and unfolded.
64,600
he LM curve is flat when money demand is very responsive to interest rates. That is, when you have a flat money demand curve. Interest rates only have to increase by a little in order to get rid of bonds since money demand is very reactive to interest rates.
A flat drawing of the Earth is called a map. Maps are two-dimensional representations of the Earth's surface that provide various types of information such as political boundaries, topography, and transportation routes.