0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
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
What type of money is nonconvertible and has no intrinsic worth?
flat money
Is money a store of value?
No, because the value of money depreciates with inflation.
What gives us money its value?
Gold gives money it's value
LM curve relatively flat?
he LM curve is flat when money demand is very responsive to interest rates. That is, when you have a flat money demand curve. Interest rates only have to increase by a little in order to get rid of bonds since money demand is very reactive to interest rates.
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
Why does flat money have value?
Because governments say it does.
Why does flat money have no value?
Fiat money has only a single use as a medium of exchange
Why does flat money have no value itself?
Fiat money has only a single use as a medium of exchange
What type of money is nonconvertible and has no intrinsic?
flat money
What type of money is nonconvertible and has no intrinsic worth?
flat money
What does it mean by money loses value isn't money money?
Money can lose value by inflation or gain value through deflation.
How do you put money into your wallet?
Paper money goes in flat and unfolded.
Mr green buys a flat for 80000 the value of the flat decreases the 1st year by 5 percent it then increases in value by 15 percent in the 2nd year what is the value after 2 years?
64,600
What gives money value?
Money has value because it serves as a medium of exchange, unit of account, and store of value. It is accepted by people as a commonly used medium for transactions and has a stable value recognized by society and governments. Confidence in the stability and acceptance of money by individuals and institutions also contributes to its value.
What is the difference between fiat money and token money?
Token money is a type of money whose intrinsic worth is less than its nominal value eg its value as money is less than its value as metal while fiat money is a type of money which intrinsic value is more than its nominal value.
What mean money as ameasure of value?
Money is recognized as a measure of value as the value and amount of money measures the value of a specific product or service. http://www.datadubai.com/
