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What accurately explains why fiat money has no value in itself?
Fiat money has only a single use as a medium of exchange.
What most accurately explains why fiat money has no value in itself?
Fiat money has only a single use as a medium of exchange.
Ask us of the following most accurately explains why fiat money differs from commodity money?
Fiat money has value bc the gov. declares that it has value.
What explains why Fiat money has no value in itself?
fiat money has only a single use as a medium of exchange
Which of the most accurately explains why commodity money has value?
Commodity money is a good that can be used as a medium of exchange or for some other purpose. Apex
What accurately explains why fiat money has no value in itself?
Fiat money has only a single use as a medium of exchange.
What most accurately explains why fiat money has no value in itself?
Fiat money has only a single use as a medium of exchange.
Ask us of the following most accurately explains why fiat money differs from commodity money?
Fiat money has value bc the gov. declares that it has value.
What explains why Fiat money has no value in itself?
fiat money has only a single use as a medium of exchange
Which of the most accurately explains why commodity money has value?
Commodity money is a good that can be used as a medium of exchange or for some other purpose. Apex
Which of the following statements accurately describes the relationship between commodity money and flat money?
Commodity money has value in itself while flat money has value only because it is given value
Which is most accurately explains why commodity money has value?
A commodity is a good that is worth money, there is no such thing as "commodity money". So if you have a good that was purchased from a vendor that is by definition a commodity, its value is whatever you paid for it, my suggestion is a mark up and that is its profit.
Which statements accurately describes the relationship between commodity money and fiat money?
Commodity money has value in itself while fiat money has value only because it is given value
Which of the following most accurartely explains why fiat money has value?
Fiat money has value because the government declares that it has value.
Disadvantages of time value of money?
The disadvantages of time value of money are not knowing the interest rates or growth projections of money. It is impossible to forecast accurately inflation rates.
What explains how money functions as a value store?
it can be kept easily untill needed.
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.
