Question

Identify the type of money used for each transaction. Chris bought a bagel with coins issued by the government. Karen bought a bike by exchanging it for her silver receipt. Luke paid six apples for two dozen eggs. Representative money arrowRight commodity money arrowRight fiat money arrowRight.

Answer 1

the answer is commodity money.

Answer 2

1.) Karen bought a bike by exchanging it for her silver receipt.

representative money

2.) Luke paid six apples for two dozen eggs.

commodity money

3.) Chris bought a bagel with coins issued by the government.

flat money

Step-by-step explanation:

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