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When you promise to exchange something of value for something else of value is what?
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Objects that have value because the holder can exchange them for something else of value?
representative money
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 the value of what a person gives up to get something else?
A profit.
What word means to give something in return for something else?
The word you may be looking for is "trade" or "barter," perhaps even "exchange."
What is a exchange of one benefit for another?
The exchange of one benefit for another is referred to as a trade-off. It is used to describe the situation when one person is forced to get rid of one thing, but is able to get something else instead.
Objects that have value because the holder can exchange them for something else of value?
representative money
What is the difference between trade and transport?
Trade is where you exchange something for something else that has the same value. Transport is moving something somewhere different.
What do traders do?
exchange something for something else in other word's trade.
What exactly do TRADERS do?
exchange something for something else in other word's trade.
How do you balance cooperation between two countries?
There has to be a reciprocal exchange. I promise for something in return. But above all else the country must know that doing the right thing means greater reward than getting something back in return.
What type of noun is price?
The noun 'price' is a singular, common, abstract noun; a word for a something given in exchange for something else, cost, value, worth; a thing.
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 do you call something of sentimental value?
Something that has sentimental value to you is called 'junk' by everyone else.
What is the verb for change?
Change is already a verb. For example "to change something" is an action and therefore a verb. Another verb is exchange. As in "to exchange something for something else".
How many ways can you buy banana's?
Two ways.. 1) Exchange it for Money 2) Barter it with something else in exchange.
What is meant by rate?
Rate means (1) value, (2) fixed price, (3) the ratio or amount of one thing compared to something else, as in the exchange rate of two currencies.
What is the value of what a person gives up to get something else?
A profit.
