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it only has value because the government says it does
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∙ 10y ago
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Why is representative money more useful than commodity money?
What is the difference between commodity money and representative money
What is the difference between fiat money and representative money?
the difference between representative money and fiat money is that?A)representative money can be converted into silveror gold;fiat money cannot.B)representative money is worth more per dollar than fiat money; which is actually worthless.C)fiat money is counted in coins; representative money is counted in paper.D)fiat money is mre traditional than representative money,which is a newer concept. :)
What type of person does a gold digger describe?
A gold digger is a person who wish, love or want something or someone just for the money. One representative example would be a woman who is going out with a man just because he has money.
Briefly describe your perception of what it takes to be a successful pharmaceutical representative?
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What is an example of representative money?
An example of representative money would be a gold certificate issued by a bank that can be exchanged for a specific amount of gold. These certificates are backed by the gold held by the bank and can be used as a form of currency.
Is the type of money used in the US commodity money representative money or fiat money?
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What are objects that have value in themselves and that are also used as money?
Representative money
Describe your personal qualities that suit the requirements for nutrition representative?
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Which is a power of the house of representative?
money bills
Which is an example of representative money?
an IOU note
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 words best describe the representative form of democracy as compared to a direct form of democracy?
What words best describe the representative form of democracy as compared to a direct form of democracy? More efficient More democratic Indirect Equal
