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Anything that can be used as money is typically a medium of exchange, a unit of account, and a store of value. This can include physical items like gold or silver, commodities like oil or grain, and even digital currencies like Bitcoin. Additionally, objects with intrinsic value, such as shells or livestock, have historically served as money in various cultures. Ultimately, the acceptance of an item as money relies on a mutual agreement within a society regarding its value.

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1mo ago

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Can money will to a benefitor be used for estate without the benefitor's approval?

Yes. All debts of the estate must be settled before any money can be distributed. If there are more debts than there are money, no one will inherit anything.


What is an example of commodity money?

Commodity money refers to objects that have value and can be used as money. Examples would be gold, silver, jewelry, or any metal that has value. Anything that has value to one person can be used as commodity money. If someone is in need of coffee beans and you have them but they don't, they may be willing to barter goods in exchange for coffee beans. In this case, coffee beans would be used as commodity money.


Can you use a personal item as earnest money?

ANYTHING or any amount can be used as Earnest Money as this is about the mutual contract between the contracting parties. this is the satisfaction of the seller that on what thing or money he is ready to accept as EARNEST MONEY OR DEPOSIT. this is to secure the transaction and it is the satisfaction of the seller only


Do you have to pay a credit card bill if you dont use it?

If you have used it, and aren't using it any more, then you do need to pay it. If you haven't used it and don't owe any money on it, then there won't be anything to pay.


Why young people spend their money irresponsibly?

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