Fiat money had an alternative use as an economic good, while commodity money did not.

Social Studies

2 answers:

mr Goodwill [35]2 years ago

6 0

Answer:

false

Explanation:

Elza [17]2 years ago

4 0

Answer:

False

Explanation:

Fiat money means a promise or a commitment to pay in the near or far future whereas commodity money is actual real time money which is paid at the moment in time.

The Fiat money can never be commodity money because it represents future acts and only commodity money can be represented in terms of cash or anything of monetary value.

Therefore Fiat money cannot be used an alternative to economic good whereas commodity money can be.

You might be interested in

What type of Americans were buying stock in the 1920’s that never could before?

Eduardwww [97]

Answer:

all Americans

Explanation:

During the late 1920s, the stock market in the United States boomed. Millions of Americans began to purchase stock, causing the market to dramatically increase in value. Unfortunately for the economy, so many Americans invested money in the stock market that stocks became inflated in price.

4 0

3 years ago

As compare to a bay a gulf is______ .<br>A) Smaller B) Broader C) Bigger D) Slant

nikitadnepr [17]

Answer:

C) Bigger ..........Ig

7 0

2 years ago

Which of these is a military factor that helped bring an end to the American Revolution?

MAVERICK [17]

Answer:

Loans from France