Describe the differences between commodity money and representative money.

Commodity money consists of objects used as money that contains their own value, but representative money is a specific group of the commodity objects. B) Commodity money consists of objects that have value in and of themselves, but representative money makes use of objects because the holder can exchange them for something else of value.

Fiat money is physical money (paper money and coins), while representative money is something that represents intent to pay the money such as a check. Fiat money is backed by the government, and representative money can be backed by different things. A person could actually go and exchange the money directly for gold.

well, paralell is parallel. i am providing links to .

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a series circuit is one with all the loads in a row. there is only one path for the electricity to flow. if this circuit was a string of light bulbs, and one blew out, the remaining bulbs would turn off.

unlike in series circuits, a charge in a parallel circuit encounters a single voltage drop during its path through the external circuit. the current through a given branch can be predicted using the ohm's law equation and the voltage drop across the resistor and the resistance of the resistor.

a parallel circuit has certain characteristics and basic rules: a parallel circuit has two or more paths for current to flow through. voltage is the same across each component of the parallel circuit.

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