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What is the difference between money and fiat money?
Money is any object excepted in exchange for goods and services. The object used in place of goods and services, to purchase goods and services.Fiat money is government authorized currency based on governmental placed value.
A system involves the direct exchange of goods and services without the use of money as a medium of exchange?
A _barter_ system involves the direct exchange of goods and services without the use of money as a medium of exchange.
What is exchange for goods without the use of money?
barter
Is money a capital good based on the definition of capital?
Money is not considered a capital good based on the traditional definition of capital. Capital goods are tangible assets, such as machinery or equipment, that are used in the production of goods and services. Instead, money functions as a medium of exchange, a unit of account, and a store of value, facilitating transactions rather than directly contributing to production. Therefore, while money is essential for economic activity, it does not fit the definition of a capital good.
Why money is important in life?
we use money to exchange for goods and services! before that we would barter and exchange goods and services - the main difference between the two is that with money i can swap my apples that would rot for money that doesn't and save that money for later ( when my apples would have rotted) and exchange my money for other (food) goods or services! it's a no perishable way of saving and accumulating wealth against other goods or services!
What is an money economy?
an economic economy based on money exchange rather than barter
How does the Columbian Exchange work?
De Columbian Exchange twas rather extroidenary. De Europeans traveled to North America in hope of money, goods, and slaves!
What is the difference between money and fiat money?
Money is any object excepted in exchange for goods and services. The object used in place of goods and services, to purchase goods and services.Fiat money is government authorized currency based on governmental placed value.
Direct exchange of goods against goods is called?
money
How is it called when you exchange goods - will pay for goods with other goods not with money?
Bartering
What is the term for goods that are shipped out of a country in exchange for goods or money?
exported goods
Trading without the use of money is called?
* Exchange * Exchange * Exchange * Exchange * Exchange
Why does the world have money?
The world has money to exchange for goods or services.
What goods they exchange for Black African?
money
A system involves the direct exchange of goods and services without the use of money as a medium of exchange?
A _barter_ system involves the direct exchange of goods and services without the use of money as a medium of exchange.
What is exchange for goods without the use of money?
barter
Why money is important in life?
we use money to exchange for goods and services! before that we would barter and exchange goods and services - the main difference between the two is that with money i can swap my apples that would rot for money that doesn't and save that money for later ( when my apples would have rotted) and exchange my money for other (food) goods or services! it's a no perishable way of saving and accumulating wealth against other goods or services!
