3 years ago

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

Social Studies

2 answers:

mr Goodwill [35]3 years ago

6 0

Answer:

false

Explanation:

Elza [17]3 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.

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