0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Was wheat used as commodity money by the American colonies?
where was salt used as commodity money
What was used as commodity money by the American colonies?
POUNDS. Actually a variety of currency was used. They did use pounds but they also used the Spanish piece of eight and other coins from different countries. They also adapted the native American "wampum". In 1690, the first paper currency was issued in Boston. These papers were called Bills of Credit. Shillings, Sixpence, and Tuppence, too
What was a factor in the choice of labor used in the American colonies was that?
Native American populations were greatly reduced by disease.
Why did the United States support the revolutions in what were the Spanish colonies?
Spain was an ally of France so it gave some money to the American Revolution. Spain sent gold to be used for the Battle of Yorktown.
Under which system did England use the American colonies to supply its need for resources?
The Mercantile System used American colonies to supply England's needs for resources.
Was wheat used as commodity money by the American colonies?
where was salt used as commodity money
Why does commodity money have value?
commodity money is a good that can be used as a medium of exchange or for some other purpose
Why does commodity have value?
commodity money is a good that can be used as a medium of exchange or for some other purpose
What are some examples of commodity money?
gold, silver, copper, foods, alcohol, cigarettes, and drugs can all be used as commodity money.
What is an example of commodity money?
Commodity money refers to objects that have value and can be used as money. Examples would be gold, silver, jewelry, or any metal that has value. Anything that has value to one person can be used as commodity money. If someone is in need of coffee beans and you have them but they don't, they may be willing to barter goods in exchange for coffee beans. In this case, coffee beans would be used as commodity money.
Is the type of money used in the US commodity money representative money or fiat money?
puppys
Which of the following most accurately explain why commodity money has value?
Commodity money is a good that can be used as a medium of exchange or for some other purpose.
Which of the most accurately explains why commodity money has value?
Commodity money is a good that can be used as a medium of exchange or for some other purpose. Apex
Objects that have value in themselves and that are also used as money is the definition for?
Objects that have value in themselves and are also used as money are referred to as commodity money.
Objects that have value in themselves and that are also used as money is the definition for .?
Objects that have value in themselves and are also used as money are referred to as commodity money.
How are Commodity Funds used?
A commodity fund invests in commodities like food and precious metals. If the price of the commodity goes up, you make money. Commodity funds are used for investments in such as oil, corn, soy, or gold. Investing in items that are everyday use.
Governments once printed money and promised it could be exchanged at a specific rate for a particular commodity. What was the most common commodity used?
gold
