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

why do most leaves appear green
The sum of 3 consecutive integers is 261. What is the middle number?
{1/8, -0.02555,0.2,-1/7} following set up numbers from least to greatest by the way there are two negatives
what are all the ways to make 37 with tens and ones?
Congestive heart disease and asthma are examples of _______ conditions. a. chronic b. metastatic c. primary d. acute
Which ordered pair is a solution for y=5x-3?
Which number is irrational? A) 3/17 B) √25 C) 0.6 (the six has a line on top of it) D) √33
Most of Daniel Defoe's novels include major characters who do not belong to the upper class and suffer a life of hardship. What may have helped the writer to re
Write the solution in lowest terms. -1/3 + 3/4 = A. 5/12 B. 2/12 C. 1/6 D. 2/7
how does kinetic energy affect the stopping distance of a small vehicle compared to a large vehicle