Commodity money has value in itself while flat money has value only because it is given value
Fiat money has value because the government declares that it has value.
Fiat money
Fiat money has value bc the gov. declares that it has value.
fiat money has only a single use as a medium of exchange
Commodity money has value in itself while flat money has value only because it is given value
Fiat money has value because the government declares that it has value.
Fiat money. This is money that has no tangible value. An alternative is gold, which in itself has tangible value.
Money is spent for making paper, your opinion is invalid.
The monetary value of a money order will be printed on the money order itself.
Fiat money has only a single use as a medium of exchange
Fiat money
Fiat money has value bc the gov. declares that it has value.
fiat money has only a single use as a medium of exchange
Commodity money has value in itself while fiat money has value only because it is given value
Fiat money has only a single use as a medium of exchange.
Fiat money has only a single use as a medium of exchange.