Which of the following best explains the difference between fiat money and
commodity money?
O...
Which of the following best explains the difference between fiat money and
commodity money?
O A. Commodity money can be used for some other purpose while fiat
money can only be used as a medium of exchange.
B. Commodity money has value because someone declares that it
has value while fiat money has value in itself.
C. Commodity money must be a precious metal that people will value
because of its beauty and usefulness,
D. Commodity money is used in a barter system while fiat money is
used in a free-market system
Answers: 1
Another question on History
History, 21.06.2019 21:00
Which of the following was a goal of european conservatives in the early 1800s? a. the establishment of a homeland for people with a common heritage b. the expansion of suffrage to the middle class c. the constitutional protection of natural rights d. the preservation of traditional ways of life
Answers: 1
History, 22.06.2019 02:10
What was alexander hamilton‘s plan to speed up industrialization in the united states
Answers: 2
History, 22.06.2019 07:10
15 pt (more than one answer)what are some of the ways businesses increased productivity? -obtained new machinery -obtained new resources -obtained new technologies -found ways to make their workers more efficient
Answers: 2
You know the right answer?
Questions
Mathematics, 08.04.2020 05:06
Mathematics, 08.04.2020 05:07
Mathematics, 08.04.2020 05:07
