menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Economics Study Set 8
  4. Exam
    Exam 29: The Monetary System
  5. Question
    What Is the Difference Between Commodity Money and Fiat Money
Solved

What Is the Difference Between Commodity Money and Fiat Money

Question 99

Question 99

Essay

What is the difference between commodity money and fiat money? Why do people accept fiat money in trade for goods and services?

Correct Answer:

verifed

Verified

Commodity money has "intrinsic value," o...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q94: The set of items that serve as

Q95: Monetary policy is determined by a committee

Q96: Name three actions the Fed can take

Q97: A problem that the Fed faces when

Q98: In an economy that relies on barter,

Q100: When conducting an open-market purchase, the Fed<br>A)buys

Q101: If an economy uses diamonds as money,

Q102: When the Fed purchases government bonds the

Q103: Table 29-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Table 29-4

Q104: The manager of the bank where you

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines