Answer:
It's the second one, you got it right!
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:
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Answer:
December 7, 1941, became a "date which will live in infamy" because that was the date of the attack on Pearl Harbor. The speech was delivered on Dec 8 and is referred to as the "Pearl Harbor Speach." Within the hour of the speech war was declared by Congress, against Japan, which officially brought the U.S. into WW2.
Explanation:
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Answer:
Andrew Jackson was the president for the "common man. ... And execute two British citizens whom Jackson blamed for supporting the Seminoles agains white people.
Explanation:
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