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.
Learn more about commodity money here:
brainly.com/question/13146777
#SPJ4
Answer:
<em>The reason its special is because the spacecraft orbited the moon 10 times and then returned to Earth for a December 27 splashdown in the Pacific Ocean. The Apollo 8 mission was described as 99.9 percent perfect and it cleared the way for a manned lunar landing seven months later. The Command Module was transferred to the Smithsonian in 1971.</em>
Creation of power machine and factories provided many new jobs, increased production, gave ppl ability to transport raw materials. It led to urbanization. Urbanization, which is the movement of ppl into cities and buildings. People wanted to live closer to where they worked. The western workd went from rural and agricultural to urban industrial. HOPE THIS HELPS YOU
No, it is false that after the Spanish-American War the people of the Philippines were happy to have America replace Spain as a colonial partner, since many in the Philippines wanted full independence.
Here are the answers to the given questions above. Fresco artists convey PERSPECTIVE OF 3D that medieval painters could not. This accomplishment embodies characteristics of humanism when t<span>hey began to paint the human body for what they thought was beauty, not realism. Hope this answer helps.</span>
