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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.
Product that is the same no matter who makes it?
commodity
Product that is considered the same no matter who makes it or sells it?
Commodity
Discuss the higher the price of the commodity the lower the quantity demanded and vice versa?
when the price of a commodity is high,consumers will go for another product almost the same as the one that the price is high,so that makes the quantity demanded of the commodity that the price low and vice versa
A scarce commodity used in an economic system?
A scarce commodity used in the context of an economic system is something that there is less of than what is needed. Examples are gasoline during a gas crisis, wheat after a drought, etc.
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.
Product that is the same no matter who makes it?
commodity
What is the term for something bought or sold?
Something bought or sold is a commodity. A commodity can be a service or goods (a product). There may be other terms in business that I'm not aware of, but commodity is the first that comes to my mind.
Product that is considered the same no matter who makes it or sells it?
Commodity
What essential commodity makes up about 70 percent of our body weight?
Water.
What essential commodity makes up about 70 percent of your body weight?
water
Commodity markets are the closest examples of?
there are 2 different definitions of commodity markets; the securities one and the one where we all buy and sell things. A commodity is something we sell but in the securities world, it means minerals, orange juice, etc.
Discuss the higher the price of the commodity the lower the quantity demanded and vice versa?
when the price of a commodity is high,consumers will go for another product almost the same as the one that the price is high,so that makes the quantity demanded of the commodity that the price low and vice versa
Where can CVS Printable Coupons Be Used?
CVS coupons are printable and usable at any CVS location in the country. This makes then a nice commodity to have in your coupon portfolio, as they give you something that can be used in a number of different locations across the nation
What wage can a commodity trading advisor expect to make?
A Commodity Trading Advisor usually makes an average salary of $66,000. This is just a median. Your location, the company and your experience also affects your salary.
What is a commodity index used for?
A commodity index is something that tracks the price of different commodities. It often uses the average price of commodities, and is designed to encompass all types of commodities such as petrol and metals.
Which is the largest commodity exchange for commodity market?
Oil is that commodity.
