Register
Which of the following best explains the difference between fiat money and commodity money?​
44.7k views
5 votes
Which of the following best explains the difference between fiat money and commodity money?​

User Neil P
by
5.7k points

2 Answers

4 votes

Answer:

Fiat money is paper money, when commodity money is made from valuable objects that can be used for trade.

Step-by-step explanation:

User Sukasa
by
5.9k points
3 votes

Answer:

commodity money can be used for some other purpose while flat money can only be used as a medium of exchange

Step-by-step explanation:

(a p e x)

User Seaskyways
by
5.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.3m questions

8.3m answers

Other Questions

One reason that businesses want to combine with other businesses is to A. avoid taxes. B. delay expenses. C. hire more workers. D. reduce expenses.
Which of the following possesses the sole power to create revenue bills?
Why do objects used as money need to be in limited supply
A business plan should generally project financial and operational aspects of the proposed business for the first a. six months. b.one year. c. three to five years. d. seven years.
Paul and Simone both work for the same accounting firm. Paul is married and has two kids and takes three allowances on his W-4 form. Simone is single and does not have any children, so she takes one allowance
Link Copied!