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Which of the following most accuratelyexplains why fait money has no value in itself?
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∙ 13y ago
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Which of the following statements accurately describes the relationship between commodity money and flat money?
Commodity money has value in itself while flat money has value only because it is given value
Which of the following most accurartely explains why fiat money has value?
Fiat money has value because the government declares that it has value.
Which of the following has no value except as a medium of exchange?
Fiat money
Ask us of the following most accurately explains why fiat money differs from commodity money?
Fiat money has value bc the gov. declares that it has value.
What explains why Fiat money has no value in itself?
fiat money has only a single use as a medium of exchange
Which of the following statements accurately describes the relationship between commodity money and flat money?
Commodity money has value in itself while flat money has value only because it is given value
Which of the following most accurartely explains why fiat money has value?
Fiat money has value because the government declares that it has value.
What is paper money issued by the government called?
Fiat money. This is money that has no tangible value. An alternative is gold, which in itself has tangible value.
What is the value of paper money than the value of paper itself?
Money is spent for making paper, your opinion is invalid.
How do you find out how much money is on a money order?
The monetary value of a money order will be printed on the money order itself.
Which of the following has no value except as a medium of exchange?
Fiat money
Why does flat money have no value itself?
Fiat money has only a single use as a medium of exchange
Ask us of the following most accurately explains why fiat money differs from commodity money?
Fiat money has value bc the gov. declares that it has value.
What explains why Fiat money has no value in itself?
fiat money has only a single use as a medium of exchange
Which statements accurately describes the relationship between commodity money and fiat money?
Commodity money has value in itself while fiat money has value only because it is given value
What accurately explains why fiat money has no value in itself?
Fiat money has only a single use as a medium of exchange.
What most accurately explains why fiat money has no value in itself?
Fiat money has only a single use as a medium of exchange.
