All categories

3 years ago

What gives commodity money its value

Business

2 answers:

Anton [14]3 years ago

6 0

The type of material with which it is made gives the commodity money its value.

Further Explanation:

Commodity money:

Commodity money is money that can be defined by the value of any commodity. It is the oldest form of money. Commodity money is treated as a means of exchange for purchasing and selling of products. Commodity money has its intrinsic value, which means if the commodity has no value, but it can be used as a means of exchange.

Some of the examples of commodity money are gold, silver, copper, and many more were used as a means of the exchange earlier.

Commodity money was used in ancient times when there was no paper or plastic money. People used to purchase commodities in exchange for other commodities like,for example, apples were exchanged by copper commodity money. This was done earlier, and this practice was followed.

Thus, the commodity money has its value like fiat, which has no value, but it is being recognized by the government authority so, it has its value.

Learn More:

1. Credit card

brainly.com/question/8750254

2. Motivation effect from money

brainly.com/question/10539732

3. Exchange

brainly.com/question/3814456

Answer Details:

Grade: High School

Chapter: Commodity money

Subject: Economics

Keywords:

What gives commodity money its value, the type of material with which it is made.

brilliants [131]3 years ago

5 0

The answer can include the following points:

Scarcity is one of the major factors that give money its value. Because if it was very common and everyone could find it easily, it will lose its value. Hence the primary factor is scarcity.

Apart from this, money gets its value from being durable, if for example, fruits were considered a medium of exchange, they would perish easy and would lose its value

You might be interested in

in setting up a client agreement, you would request a down payment to cover a. the number of people to be served. b. legal fee c

egoroff_w [7]

The correct answer should be d. the cost of groceries

Since the most correct answer would be production costs, in this case, the cost of groceries is the production cost as it is the cost of what you need for production.

3 0

3 years ago

Explain in your own words assertiveness and power distance as it relates to management. Provide your own examples. g

GalinKa [24]

Explanation:

Manage an organization is a complex task, which must be performed by a leader with well-developed skills. Currently, in the globalized era, where there is an intense flow of information and an extremely competitive market, there are leadership characteristics that cannot be overlooked.

In centralized organizations, there is less flexibility in the organizational structure, and power is concentrated in the hands of the highest hierarchical level of the organization, it is what can be called distance of power, which is a type of autocratic leadership where there is no greater participation decision-making.

However, this characteristic is less and less recurrent in a market marked by cultural and technological interactions.

Business management by an autocratic leader is being replaced by assertiveness, which is the characteristic of a democratic leader, whose focus is on the inclusion of people, assistance and leadership aimed at creating an organizational culture based on ethical concepts, respect and reliability .

Therefore, in the current scenario, where companies have a highly valued social responsibility, leadership must be focused on the inclusion and appreciation of employees, creating a sense of unity and appreciation so that there is a positive work environment and increase their position in the market

7 0

3 years ago

which of the following consumer credit acts examines lenders’ practices regarding race, religion, national origin, color, gender

photoshop1234 [79]

The Consumer Credit Acts which examines lenders’ practices regarding race, religion, national origin, color, gender, marital status, or age is the:

Equal Credit Opportunity Act (ECOA)

According to the given question, we are asked to show the Consumer Credit Acts which examines lenders’ practices regarding race, religion, national origin, color, gender, marital status, or age

As a result of this, we can see that the Consumer Credit Act which has the job of enforcing the consumer protection so that people would not be denied credit based on their gender, age, race, religion, sex, marital status, etc.

Read more here:

brainly.com/question/15547556

5 0

3 years ago

On November 30, Year 1, Parlor, Inc. purchased for cash at $15 per share all 250,000 shares of the outstanding common stock of S

zepelin [54]

Answer:

$275,000

Explanation:

Goodwill in business combination arises when the price paid in acquiring a business exceeds the fair value of the acquired business net assets . The fair value is used rather than the carrying amount to ensure fairness and an unbiased result

Workings

Purchase consideration = 250,000*15 =3,750,000

Percentage acquired = 100%

Fair value of net asset = 3,000,000+400,000+75,000= 3,475,000

Goodwill = 3,750,000=3,475,000 =275,000

6 0

4 years ago

For approximately how many seconds does 2022 versa’s hill start assist hold the brakes?

zhuklara [117]

The Nissan Versa has a starting assistant that lasts at least 3 seconds so that the driver can easily start on slopes.

<h3>What is the hill start assistant?</h3>

The hill start assistant is a technological and mechanical device that has been implemented in several cars worldwide to prevent the car from rolling back due to gravity and inertia.

Hill Start Assist allows the driver to start on a hill without worrying about backing up. This development has prevented several accidents and is a good invention for those who are just starting to drive.

One of the cars that have this development is the Nissan versa 2022. This car offers a hill-start assistant that allows the driver to have at least 3 seconds to start the car on a slope without the car backing up.

Learn more about cars in: brainly.com/question/11312858

8 0

2 years ago