omazingomar5 omazingomar5
  • 02-04-2021
  • Business
contestada

Compare and contrast the terms "Fiat Money" and "Commodity Money".

Respuesta :

AmazingJasiah
AmazingJasiah AmazingJasiah
  • 02-04-2021

Answer:

Commodity money has some intrinsic value due to the content of precious metal it is made up of or backed by, but debasement or increases in precious metal supply can cause inflation.

Fiat money is backed only by the faith of the government and its ability to levy taxes.

Hope this helped you compare and contrast

Explanation:

Answer Link

Otras preguntas

Find the common ratio of the sequence. -80, 20, -5, 1.25, . . . A. -0.25 B. -4 C. 0.25
Kenneth lives in a low-income, high-crime neighborhood. his home is poorly ventilated, which triggers asthma attacks. as a result of these stressors, he has hig
Your family is moving to a new neighborhood, and your parents have narrowed their choices down to four different places. Because you have a new-found interest i
Someone plz help me with these problems
Dosage ordered 40 mg of secobarbitol (elixir) The stock bottle contains 22 mg of secobarbitol in 5 ml solution. How many mL should patient received?
If each iTunes song costs $0.99 and Wade bought 24 songs, how much was the total cost?
2 and 3/4 x 1 and 1/3
What should be done to investigate the cause of the contamination of well water?
Which best describes the meaning of this line shakespeare and Romeo and Juliet?
Researchers believe that one important function of sleep is to facilitate learning and memory. how does knowing this help you in your college studies? what chan