Question: How does commodity money differ from fiat money?A . Commodity money has value beyond its use as currency, while fiat money has no intrinsic value.a

How does commodity money differ from fiat money?A

.

Commodity money has value beyond its use as currency, while fiat money has no intrinsic value.a

.

Commolly money is deserted by the governmen as legal tende, while a mone is usedC. Commodity money has no intrinsic value, while fiat money has value beyond its use as currency.D

.

Consumers have more confidence that commodity money will retain its value and thus is the preferred medium of exchange.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

4 Files 3:18 PM Fri May '13 Insert Draw Layout Review View Unit SMacroeconomic Policy Name: HR: FISCAL POLICY Use the space below to take notes during class. Disposable Income: How does a change in...

4 Files 3:17 PM Fri May 13 Insert Draw Layout Review View Unit SMacroeconomic Policy Name: HR: POLICY BASICS Use the space below to take notes during class. The Federal Reserve: Monetary Policy:...

Question 6 McDonalds quotes the price of a happy meal at $3.79. This is an example of money serving as a(n): A. medium of exchange. B. store of value. C.unit of account. D. investment good. Question...

Current Canadian currency is Question 32 options: commodity money with intrinsic value. fiat money with intrinsic value. commodity money with no intrinsic value. fiat money with no intrinsic value

1. Which scenario demonstrates the function of money as a unit of account? If you don't go to the farmer's market today, you can save your money and buy something next week. You can use money to buy...

I need short journal entries for these articles, please. 1) Learning Objectives By the end of this section, you will be able to: Explain the various functions of money Contrast commodity money and...

Anyone know the answer of this 3 question? Anyone know the answer of this 3 question? hash algorithm is applied to it. When a match is found, the miner obtains a bounty-an allocation-of Bitcoins....

NO MISSING DATA OR GRAPH THIS IS A MULTIPLE CHOICE ANSWERS. PICK ONE THE BEST MATCHES. 1.Money a. is more efficient than barter. b. makes trades easier. c. allows greater specialization. d.All of the...

Table HW10 1 Consider the following traders who meet. Bob has an apple and wants an orange I Ted has an oran and wants a each M has a ear and wants an a le Alice has a peach and wants an orange Refer...

1.The existence of money leads to a. greater specialization in production, but not to a higher standard of living. b. a higher standard of living, but not to greater specialization. c. greater...

Name four approaches to estimating a cost function.

Stephanie is considering purchasing a fixed-income investment. She has narrowed her list of bond choice to two AAA-rated investments. The first is a corporate bond that matures in seven years. The...

Employers commonly match at least some portion of employee contributions to: 4 0 1 k plans 2 . 4 0 3 b plans Self - directed retirement plans Multiple Choice 1 , 2 , and 3 1 only 1 and 2 only 2 only

Crimson Tide borrows $18,500 on September 1, 2018. The principal is due to be repaid in four years. Interest is payable each August 31 at an annual rate of 12%. I need to record the adjustment for...