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

If you are writing a persuasive essay in favor of banning vending machines in schools, which is a counterargument you might anticipate?
which city was located nearest the nile river delta
what other areas beside egypt did the new kingdom pharoahs conquer
which city was located nearest the nile river delta
Which two numbers have a difference of 5 and a product of 3.36???
Which two numbers have a difference of 5 and a product of 3.36???
If you are writing a persuasive essay in favor of banning vending machines in schools, which is a counterargument you might anticipate?
write words to match the expression. 24- ( 6+3)
If you are writing a persuasive essay in favor of banning vending machines in schools, which is a counterargument you might anticipate?
which city was located nearest the nile river delta