Karen used her silver receipt representative money to purchase a bike. Luke purchased two dozen eggs with commodity money and six apples.
Chris used coins from the government's flat money to purchase a bagel.
<h3>What is commodity money?</h3>
- Money that derives its worth from the commodity from which it is made is known as commodity money.
- Commodity money is made up of things that have worth or utility beyond only being exchangeable for products (intrinsic value).
- This contrasts with fiat money, which derives its value from having been established as money by government regulation, and representational money, which has no intrinsic worth but instead represents something valuable like gold or silver, which can be exchanged.
<h3>What is flat money?</h3>
- A form of currency known as fiat money is not backed by any physical good, like gold or silver.
- Usually, the government declares something to be legal tender through a decree.
- Fiat money has occasionally been created throughout history by regional banks and other organizations.
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My answer is <span>The development of new stone tools about 12,000 years ago brought the period called the Neolithic Revolution. Those new tools caused the extinction of numerous large mammals. With that extinction, the hunting and gathering culture could no longer continue as it had. It became necessary to find new sources of food. The sharper tools of the new stone age made it possible to add new vegetable sources to the diet. Trees could be cut back and the fruit at the ends of the branches could be harvested. Since old growth doesn't bear fruit, the process of pruning trees would also make them more useful. The stone tools also made agriculture possible. Fig cultivation began about this time around Jericho. Maybe some day, indications will be found of other plants cultivated about this time.</span>
The English turned down the plan because they feared that it would giver more power to the colonies. The colonies disliked it because they felt skeptical about central taxing.
The correct answer is A. reduce environmental risks and costs associated with shipping goods long distances.
Localized economies are more sustainable as they do not rely on expensive transportation and as a result are more resilient. Localized economies also provide more opportunities for more locals
