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Which form of money has value only because the groverment says it does?
Wiki User
∙ 7y ago
All money has that characteristic.
Wiki User
∙ 7y ago
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What is the difference between a commodity form of money and token money?
A commodity form of money is when the value of the money is determined by the intrinsic worth of what makes it. For example, if the money is salt (as was used by the Roman empire) then the value of the money is the same as the value of the same weight of salt in another form. A token form of money is when a form of money (for example a coin) is created that has little or no intrinsic value, but has value because a company or person has agreed to exchange the token for a good or service of value. One example is bus tokens - small coins that can be presented on buses in exchange for transportation.
What form of money has value only because the government says it does?
representative money (A+) -Emmy aka Hello Kitty Fiat Money (A+) -Hailey
What is money in the form of coins?
money in the form of coins are money which have a less value like a dollar or a 50 pence as making notes for such a less value would be wasting allot of paper and coins can be updated more easily. coins can also be carried easily.
In economics gold and salt are examples of which form of money?
Gold and salt are examples of commodity money in economics. Commodity money is backed by the intrinsic value of the goods or commodities themselves.
What is the value on a One Silver Dollar Payable To The Bearer on Demand?
Please post a new question with the bill's date and what letter if any is next to the date, because it's not possible to provide a value without that information. If you look at the top of your bill you'll see it's called a Silver Certificate, a form of paper money that was discontinued in the 1960s.
Which form of money has value only because the governments says it does?
Fiat money
What is the difference between a commodity form of money and token money?
A commodity form of money is when the value of the money is determined by the intrinsic worth of what makes it. For example, if the money is salt (as was used by the Roman empire) then the value of the money is the same as the value of the same weight of salt in another form. A token form of money is when a form of money (for example a coin) is created that has little or no intrinsic value, but has value because a company or person has agreed to exchange the token for a good or service of value. One example is bus tokens - small coins that can be presented on buses in exchange for transportation.
What form of money has value only because the government says it does?
representative money (A+) -Emmy aka Hello Kitty Fiat Money (A+) -Hailey
Why does Fiat money differ from commodity money?
Fiat money differs from commodity money because it is a more convenient form of money. It is easier to carry around paper money that it is to carry around gold or silver or other commodities. Fiat money is a promise to pay in the future while commodity money derives its value from the commodity of which it is made. Fiat money has value because the government declares that it has value. Fiat money only has value as a medium of exchange.
What is the abstract noun for money?
There is no verb form of money, and no abstract noun form. There are related abstract concepts such as value, worth, commerce, and wealth.
What is money in the form of coins?
money in the form of coins are money which have a less value like a dollar or a 50 pence as making notes for such a less value would be wasting allot of paper and coins can be updated more easily. coins can also be carried easily.
What is adjective form of money?
monetary The necklace has no monetary value.
What is the use of electronic money?
Electronic money is the money balance recorded electronically on a stored-value card (Ely 1). These cards, smart cards, have a microprocessor embedded which can be loaded with a monetary value. Another form of electronic money is network money, software that allows the transfer of value on computer networks, particularly the internet.
Is a cheque money?
yes but no because it is not in the form of a note or change
Is cash for gold trustworthy?
Gold is full bodied money with intrinsic value for the face value against the representative paper money with reserve kept in form of gold as legal tender money and therefore trustworthy only if the quality,value and ownership of the gold will not entail any legal hassle.
In economics gold and salt are examples of which form of money?
Gold and salt are examples of commodity money in economics. Commodity money is backed by the intrinsic value of the goods or commodities themselves.
Absolute value of 21?
21 is the absolute value of 21 because it is 21 numbers away form 0.
