0
What else can I help you with?
What is an example of representative money?
An example of representative money would be a gold certificate issued by a bank that can be exchanged for a specific amount of gold. These certificates are backed by the gold held by the bank and can be used as a form of currency.
Why is representative money more useful than commodity money?
What is the difference between commodity money and representative money
What is the difference between fiat money and representative money?
the difference between representative money and fiat money is that?A)representative money can be converted into silveror gold;fiat money cannot.B)representative money is worth more per dollar than fiat money; which is actually worthless.C)fiat money is counted in coins; representative money is counted in paper.D)fiat money is mre traditional than representative money,which is a newer concept. :)
Is salt an example of commodity money or representative money?
Salt is considered an example of commodity money because it has intrinsic value and can be used for its original purpose, such as seasoning and preserving food. Historically, it was widely used in trade and could be directly exchanged for goods and services. In contrast, representative money is a type of currency that represents a claim on a commodity, such as gold or silver, rather than having intrinsic value itself.
What was the first example of representative government?
The Virginia House of Burgesses was the first example of representative government.
An example about a representative democracy?
America
Is the type of money used in the US commodity money representative money or fiat money?
puppys
What are objects that have value in themselves and that are also used as money?
Representative money
Which is a power of the house of representative?
money bills
Is example an adjective?
No. The word example is a noun (instance, representative item).
An especially representative example of a concept is?
Prototype
How does representative money compare to commodity money?
Representative money is a type of currency that represents a claim on a commodity, such as gold or silver, allowing holders to exchange it for that commodity, while commodity money is actual physical goods with intrinsic value, like gold coins or silver bars. Unlike commodity money, representative money does not have intrinsic value itself; its value is derived from the trust that it can be exchanged for a specific amount of a commodity. This distinction allows representative money to be more flexible and practical for everyday transactions.
