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Commodity money has value primarily because it is made of materials that have intrinsic worth or utility, such as gold, silver, or other precious metals. Its value is derived from the physical properties of the commodity itself, which can be used for various purposes beyond just trade. Additionally, the scarcity and demand for these commodities in the market enhance their perceived value, leading to widespread acceptance as a medium of exchange.
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What Best Explains What Futures Contract Is?
(apex) a contract setting the price and date for a commodity purchase.
What best explains what a forward contract is?
A contract to deliver a particular commodity to a buyer sometime in the future.
What best explains why the law of supply and demand has an effect on labor market?
In the law of supply and demand the effect on the Labor Market is that labor is a commodity.Labor is a commodity
Which best explains why fiat money has value?
Fiat money has value primarily because it is recognized and accepted as a medium of exchange by the government and the public. Its worth is not derived from intrinsic value or physical commodities but is based on trust and confidence in the issuing authority. Additionally, the stability of the economy and the regulation of the money supply by central banks contribute to the perceived value of fiat currency. Thus, its value is sustained by the collective belief in its utility for transactions.
What best explains why the money is increased when Fed buys treasury bonds?
There is no following provided?
What best explains what a forward contract is?
A contract to deliver a particular commodity to a buyer sometime in the future.
What Best Explains What Futures Contract Is?
(apex) a contract setting the price and date for a commodity purchase.
What best explains the difference between fiat money and commodity money?
Commodity money can be used for some other purpose while Fiat money can only be used as a medium of exchange.Commodity (sometimes referred to as "Hard") money is currency which is fully backed by a specie (usually a precious metal i.e. Gold, Silver, or Platinum). Fiat money is backed only by a promise of the issuing government to honor the value of the bill or coin.
What best explains what a future's contract is?
A futures contract is a contract setting the price and date for a commodity purchase.
Which if the following best explains what a futures contract is?
(apex) a contract setting the price and date for a commodity purchase.
What statement best explains what a futures contract is?
A futures contract is a contract setting the price and date for a commodity purchase.
Which of the following best explains how revenue is determined?
A contract to deliver a particular commodity to a buyer sometime in the future. Apexx J.Pichardo
What best explains why the law of supply and demand has an effect on labor market?
In the law of supply and demand the effect on the Labor Market is that labor is a commodity.Labor is a commodity
Which is best equity market or commodity market?
If you're an investor, the equities market is best. It's way too easy to lose a lot of money investing in the commodities market. If you're a company that uses a commodity, then the commodities market is best.
Which best explains why fiat money has value?
Fiat money has value primarily because it is recognized and accepted as a medium of exchange by the government and the public. Its worth is not derived from intrinsic value or physical commodities but is based on trust and confidence in the issuing authority. Additionally, the stability of the economy and the regulation of the money supply by central banks contribute to the perceived value of fiat currency. Thus, its value is sustained by the collective belief in its utility for transactions.
What best explains why the money is increased when Fed buys treasury bonds?
There is no following provided?
Best explains why a bondholder is similar to a bank?
Bondholders loan money to bond issuers just as banks loan money to customers.
