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Elanso [62]
3 years ago
11

A monetary system where the value of monetary units is set by the specified quantity of an item is ______. fiat money representa

tive money commodity money gold standard
History
2 answers:
DochEvi [55]3 years ago
8 0

Answer:

A monetary system where the value of monetary units is set by the specified quantity of an item is representative money.

Explanation:

Representative money is a type of money that, unlike merchandise money, is based on another asset, such as money backed by gold, silver, oil or another currency, which has the quality of being convertible to the asset at which represents, which can be a kind of metallic money. It differs from fiat money in that the latter is not convertible.

sergejj [24]3 years ago
6 0
The answer is Gold Standard Money. Gold Standard Monet refers to the value of a nation's paper money has a direct link to gold. Paper money of a country can be converted into gold in any case, if the government is willing to convert it into gold.
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tankabanditka [31]

My answer to this question is below, I hope you are satisfied with it. :)

DATE ANSWERED: 5/6/2021

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Humans must strive to make advancements towards cleaner energy because the current situation on Earth is slowly killing the planet and its inhabitants. As humans have made advancements in transportation, construction, energy and power, communication, manufacturing, etc, humanity has had to find more ways of obtaining Earth’s natural resources, such as fossil fuels to power their expedition into the unknown. Whether it be air pollution, water pollution, or land pollution, we are killing plants, animals, and humans that live on Earth.

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