what gives commodity money its value?

Quesiton : what gives commodity money its value?

Answer: the type of material with which it is made

what gives commodity money its value? How can the answer be improved? What are some examples of commodity money? - Quora Which Single Piece of Currency is Worth the Most? Money Market Account - Sharper Insight. Smarter Investing. What gives commodity money its value Ask for details ; Follow Report by Boogerbutt7788 05/23/2018 Log in to add a comment Answer Verified by Expert. Answered by fatimakincsem +2. jd3sp4o0y and 2 more users found this answer helpful The answer can include the following points: Scarcity is one of the major factors that give money its value ... Wed Feb 27 2008 00:00:00 GMT+0530 (IST) · The more scarce a commodity is the more value a society puts on to it. Money is a commodity and what gives money or any other commodity its value is scarcity . it used to be gold. But now it is pure trust in the government. thats why unstable government usually have weak currencies. Chapter 14. durable- able to withstand the wear and tear of being passed from person to person; portable- easy to carry; divisible- easily divided into small parts so that purchases of any price can be made; stable in value - owner must be confident in value ; scarce-this is what gives the money its value ; accepted- in the U.S. ... a government’s guarantee of its value. the type of material with which it is made. its rate of exchange in other countries. the ability to trade it for a valuable good. The term “liquidity” refers to. how quickly money can be exchanged. the true monetary value of an investment. … Definition of Commodity Money . Commodity money is a commodity that has intrinsic value . Intrinsic value means that the commodity has value even if it is not used as money . In times of economic turmoil such as severe economic depressions or hyperinflation people sometimes turn to commodity money instead of the money authorized by their governments. Consumer Reports and shopping results for What Gives Commodity Money Its Value Quizlet from mySimon.com. mySimon.com has the best deals and lowest prices on What Gives Commodity Money Its Value … Types of Money . An economist would tall you that what gives money its value depends on what type of money it is: commodity money representative money or fiat money . Commodity money has a value or use aside from its use as money . During the late eighteenth century farmers in the Pennsylvania backcountry used whiskey for money . Fri Mar 29 2019 00:00:00 GMT+0530 (IST) · Commodity money is a form of money that has an intrinsic value meaning it is worth something in its own right rather than simply being a token of financial value such as a banknote. The best known form is gold or silver coins though any commodity can fulfill this role. Fiat money is the opposite of this commodity money . Fiat money only derives its value from legal claims and obligations of the law. It is truly like a purchase voucher which can be utilized to exchange for services and goods. This means that its purchasing power varies. Fiat money only has fixed value …