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Economy encompasses the whole of buying and selling of goods and services. Money is the currency used to buy and sell. Money is either coins or paper that is symbolic of the wealth it represents. Money backed by gold is stronger and more reliable than money backed by copper. Fiat money is utterly useless as there is nothing but consumer confidence to back it. Gold and even copper have been around and backing currency for thousands of years, and will always possess intrinsic value. Consumer confidence is as fickle as a 13 year old boy at a Sadie Hawkins dance and possess no intrinsic value. A dollar floated as "fiat" is a vulnerable currency, and if other forms of currency are entered into the same market economy that are backed by money with intrinsic value the fiat dollar will weaken as the money backed by wealth will strengthen.
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The relationship between the value of money and the price level in an economy is?
Inverse
What is a money economy and a no money economy?
when u have money for devoloped annd not
What does money economy mean?
money economy is all about money u spend and all the money the economy such as cash;coins By:Ayesha
If an economy used gold as money its money will be?
If an economy uses gold as money, it's money will be coins.
History on trading instruments from subsistence ecomomy to money economy?
trading instruments is to exchange subsistencr economy to money economy is to give something and take money for it
The relationship between the value of money and the price level in an economy is?
Inverse
What is Time interest and money relationship in engineering economy?
then get a 15000000 for one mouth
What is Money economy?
money economy is an economy money
What is the relationship of arts to the economy?
the relationship of art in economy is if theres no art in our ecnomy the Philippines is have not a color.
What is a money economy and a no money economy?
when u have money for devoloped annd not
What does money economy mean?
money economy is all about money u spend and all the money the economy such as cash;coins By:Ayesha
If an economy used gold as money its money will be?
If an economy uses gold as money, it's money will be coins.
History on trading instruments from subsistence ecomomy to money economy?
trading instruments is to exchange subsistencr economy to money economy is to give something and take money for it
What is an money economy?
an economic economy based on money exchange rather than barter
How quantity of money is measured?
In an economy, the quantity of money is measured by the Money Supply. This is the amount of money available in an economy in a specific period of time.
What is trade in the economy?
A trade in a economy is what they trade for money.
Pet banks and their affect on economy?
it made our economy way better than it ever was yayy money money money!
