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

What is the momentum of a 75.0-kilogram defensive back chasing the fullback at a velocity of 5.00 m/sec.
are 32/36 and 24/28 proportional
The number 0.127 is how much greater than 1/8 ? Can you explain this so I can understand how it works?
Find the solution of this system of equations. Separate the x- and y- values with a comma.X= -8+y-11x+9y=4
What is 5/8 divided by 5/12?
Which of the following best explains the origin of the predation ability of Venus flytraps? A. Only those plants with the ability to supplement the poor nutrien
Do u need a common denominator if you have adding and dividing in fractions?
What was the Black Death TRULY caused by?
in the boy in striped pjs, what do we learn about Pavel in Chapter 7
Ask you Identify the terms of the expression 6x + 5y + 3. (Points : 1) r question here