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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.
The most liquid form of money is?
Cash but unfortunately it is not safe from inflation so the second most liquid there is is gold. Gold coins
What is the difference between money and currency?
Money refers to any medium of exchange that holds value and can be used to purchase goods and services. Currency, on the other hand, specifically refers to the physical form of money, such as coins and banknotes, issued by a government or central authority. In essence, currency is a type of money, but not all money is in the form of currency.
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's the difference between money and currency?
Money refers to any medium of exchange that is widely accepted for transactions and storing value. Currency, on the other hand, specifically refers to the physical forms of money, such as coins and banknotes, issued by a government or central authority. In essence, currency is a type of money, but not all money is in the form of currency.
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.
Are Vietnam coins valuable?
Sure, they're valuable. Money is money, regardless the form: paper note or coins.
Did George Washington create coin money?
No. Money in the form of coins had been around long since before George Washington was even born. This was in the form of gold coins.
What was the roman form of money?
They had coins, but could also barter.
Why coins were a more desirable form of money than paper during the colonial period?
coins used to be a form of trade. silver coins had higher denomination than larger copper coins. Paper was worth next to nothing. The paper money money was not popular because the paper money just meant that you can redeem this paper for silver. So at that time there was no point to the paper money
What was the form of money in Athens?
Six obols made a drachma. Copper and silver coins.
1 A person has 4 coins each of different denomination What is the number of different sums of money the person can form using one or more coins at a time?
Number of different sums of money that can person form is 15. Step-by-step explanation: Given : A person has 4 coins each of different denomination. To find : What is the number of different sums of money the person can form? Solution : A person has 4 coins each of different denomination. Selecting 1 coin out of 4 coins gives possible ways. Selecting 2 coin out of 4 coins gives possible ways. Selecting 3 coin out of 4 coins gives possible ways. Selecting 4 coin out of 4 coins gives possible ways. Total number of different sums of money that can person form is 4c1+4c2+4c3+4c4= 4+6+4+1=15 Therefore, Number of different sums of money that can person form is 15
How can you tell that Inca most likely did not use currency or money in the form of coins or bills?
Taxes were collected in the form of labor or goods.
How can you tell that you Inca most likely did not use currency or money in the form of coins or bills?
Taxes were collected in the form of labor or goods.
How can you tell that the Inca most likely did not use currency or money in the form of coins or bills?
Taxes were collected in the form of labor or goods.
Who inveted money?
The first use of money in the form of coins was around 600 BC in current day Turkey. http://oldestcoins.reidgold.com/article.html
What are the forms of money before paper was chosen?
Coins were a major form of currency before paper was used. Gold was a big form of currency.
