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Which of the following most accurately explain why commodity money has value?
Wiki User
∙ 12y ago
Commodity money is a good that can be used as a medium of exchange or for some other purpose.
Wiki User
∙ 12y ago
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Which of the following accurately describes how an investment is made?
Putting money into an asset
What are the different types of money?
4 types of money... Commodity money, Receipt money, Fractional money, Fiat money
What are the examples of commodity money?
gold
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.
Advantages of commodity money?
flexible and have additional purposes
Which of the following statements accurately describes the relationship between commodity money and flat money?
Commodity money has value in itself while flat money has value only because it is given value
Ask us of the following most accurately explains why fiat money differs from commodity money?
Fiat money has value bc the gov. declares that it has value.
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
Which is most accurately explains why commodity money has value?
A commodity is a good that is worth money, there is no such thing as "commodity money". So if you have a good that was purchased from a vendor that is by definition a commodity, its value is whatever you paid for it, my suggestion is a mark up and that is its profit.
Which statements accurately describes the relationship between commodity money and fiat money?
Commodity money has value in itself while fiat money has value only because it is given value
Which of the following accurately describe the difference between a stock exchange and commodity market?
Ownership in companies is traded in the stock market while ownership of foreign money is traded in the currency exchange market. Money from one country is bought using money from another country.
Which of the following accurately describes how an investment is made?
Putting money into an asset
Was wheat used as commodity money by the American colonies?
where was salt used as commodity money
What is an example of commody money?
The term you are looking for is commodity money. Some examples of commodity money are gold and silver.
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
4 similarities between money & commodity?
What is the difference between money and commodity? Commodity money is a sort of money that is considered as a present good. Whereas, fiat money is a future obligation as it is simply a promise to pay in the future. Payment is never made when it comes to fiat money, instead it is only discharged. But commodity money, on the other hand, completes the transaction.
Why is representative money more useful than commodity money?
What is the difference between commodity money and representative money
