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When an object has inherent value and is used as money, it is known as commodity money. This type of money has value independent of its use as currency.

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1y ago

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Is capacity the same as amount why or why not?

Amount can be a value in money terms, or the mass of an object. Neither is a capacity.Amount can be a value in money terms, or the mass of an object. Neither is a capacity.Amount can be a value in money terms, or the mass of an object. Neither is a capacity.Amount can be a value in money terms, or the mass of an object. Neither is a capacity.


Is money an object?

well, no, money is not an object also it depends. Money is not an object, but currency notes or coins are certainly an object. For something to be an object,it is necessary that it concrete,not abstract.Money denotes value and value is abstract not concrete.Therefore,it not object. While currency notes and coins are concrete,tharefore,they are object.


What is the meaning of value of phone?

The value of an object usually refers to how much money it is worth.


What is a example of a neutral object?

A rock can be considered a neutral object as it typically does not carry any positive or negative connotations or emotions. It is simply a natural physical entity without any inherent value judgment attached to it.


What is value of money called?

Currency?


What is inherent value?

Inherent value is a tangible property. Essentially, it is something that can be described by some explicit quantity, like a certain number of dollars.


What is the current value of a future sum of money called?

present value


Does money has intrinsic value?

Money does not have intrinsic value; its worth is largely derived from the trust and agreement of people using it as a medium of exchange. While some forms of money, like gold or silver, have intrinsic value due to their physical properties, most modern currencies are fiat money, meaning they have value because a government maintains them and people accept them for transactions. Essentially, the value of money is based on social constructs rather than inherent qualities.


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.


Is patent an intagible asset?

Yes, a patent is a legal document describing claims to an invention, making it intangible rather than a physical object having any inherent value.


Is patents assets?

Yes, a patent is a legal document describing claims to an invention, making it intangible rather than a physical object having any inherent value.


The money was called mickey mouse money because it has no value.?

It has no value because it is not printed it their country it was printed in the Philippines