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katrin2010 [14]
3 years ago
11

Which of the following most accurately explains why fiat money differs from commodity money?

History
2 answers:
lisabon 2012 [21]3 years ago
8 0

Answer:

The correct answer is option B. "Fait money only has value as a medum of exchange".

Explanation:

Commodity money is based on a "good", often a precious metal such as gold or silver, therefore it has value by itself. On the other hand, fiat money is a legal tender or currency, which has only a representative value by government imposition, and because the people using it maintain faith in it having value.

tino4ka555 [31]3 years ago
4 0
I think it is B. Fait money only has value as a medium of exchange but idk put it and see if im right I researched it and got that so let me know if im right :)
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djyliett [7]

Answer:

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The given terms and their definitions are given as follows-

1. Neutrality is the position of staying in between, neither supporting nor agreeing to either side of the parties involved. This means that a particular party or a third party refused to give support to either of the arguments or parties involved.

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