#28.The primary difference between commodity money and fiat money is that a fiat money is a medium of exchange but commodity money is not. b fiat money has intrinsic value but commodity money does not. c commodity money is a medium of exchange but fiat money is not. d commodity money has intrinsic value but fiat money does not.
#28.The primary difference between commodity money and fiat money is that a fiat money is a medium of exchange but commodity money is not. b fiat money has intrinsic value but commodity money does not. c commodity money is a medium of exchange but fiat money is not. d commodity money has intrinsic value but fiat money does not.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter27: Money And Banking
Section: Chapter Questions
Problem 21CTQ: The Bring it Home Feature discusses the use of cowrie shells as money. Although we no longer use...
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#28.The primary difference between commodity money and fiat money is that
a
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fiat money is a medium of exchange but commodity money is not.
|
b
|
fiat money has intrinsic value but commodity money does not.
|
c
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commodity money is a medium of exchange but fiat money is not.
|
d
|
commodity money has intrinsic value but fiat money does not.
|
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