Commodity money has value in itself while flat money has value only because it is given value
flat money
No, because the value of money depreciates with inflation.
Gold gives money it's value
he LM curve is flat when money demand is very responsive to interest rates. That is, when you have a flat money demand curve. Interest rates only have to increase by a little in order to get rid of bonds since money demand is very reactive to interest rates.
Commodity money has value in itself while flat money has value only because it is given value
Because governments say it does.
Fiat money has only a single use as a medium of exchange
Fiat money has only a single use as a medium of exchange
flat money
flat money
Money can lose value by inflation or gain value through deflation.
Paper money goes in flat and unfolded.
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Token money is a type of money whose intrinsic worth is less than its nominal value eg its value as money is less than its value as metal while fiat money is a type of money which intrinsic value is more than its nominal value.
Money is recognized as a measure of value as the value and amount of money measures the value of a specific product or service. http://www.datadubai.com/
The duration of Value for Money is 1.5 hours.