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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 does the term exchange means?
Exchange money means that somebody change a currency into an other currency. This can be done at a bank or a money exchange shop. An exchange is often required at a visit of an other nation which use an other currency.
Why is bartering inefficient?
Barter is an inefficient means of exchange because
What does exchange mean on cex?
it means they sell it to you fr store credit, the price for exchange is the amount of store credit you would get
What explains the exchange rate of 1 20 between the Canadian dollar and Japanese yen means?
An exchange rate of 1:20 means that 20 Japanese Yen are equal to one Canadian dollar. Frequency exchange rates vary minute to minute.
What are objects called that have value in and of themselves as well as value as a means of exchange?
commodity 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 it called when a person cuts themselves?
It means that they are EMO
Tribe cheyenne in their language what it means to them?
They called themselves Tsitsistas, "the people".
Why is table appointments called table appointments?
that only means the objects w/the table
What does ils s'appellent mean in french?
"Ils s'appellent" in French means "they are called" or "they call themselves."
How did the wintu tribe get theri name?
from a word that means person which Yana called themselves
What does standardized exchange value mean?
to exchange something
Why is a periscope called a periscope?
The periscope for its purpose is to look around the objects. In greek , 'peri' means around and 'scopus' means to look . hence the name.
What is fraudulent exchange?
First you should know the meaning of fraudulent. The term fraudulent comes from fraud, so it means fraud. Exchange means give and take.. Fraudulent exchange means fraud exchange of good and services among parties.
What will happen when two uncharged objects?
When two uncharged objects come into contact, there will be no exchange of electrons between them, so they will remain uncharged after contact. The lack of charge means there will be no electric force between them, and they will not repel or attract each other due to electrostatic interactions.
When someone gives advise but they need it themselves what is that person called?
That person is often referred to as a hypocrite. It means they are advocating a set of beliefs or principles that they themselves do not follow.
