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:
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Explanation:
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Answer:
1. Three-Fifths Compromise.
2. The Great Compromise.
3. Origination Clause.
4. Electoral College.
Explanation:
1. Three-Fifths Compromise: representation of slaves in the South.
The Three-fifths Compromise was a compromise reached among delegates who came from the southern and northern states during the United States Constitutional Convention which held in 1787.
2. The Great Compromise: state representation in the legislature.
3. Origination Clause: introduction of revenue bills. This is contained in Article I, section 7, clause 1 of the constitution of the United States of America; stating that all revenue bills must originate from the House of Representatives.
4. Electoral College: concern over the presidential election. They are saddled with the responsibility of electing the president for the United States of America after the citizens cast their vote.
Answer:
by buying rival refineries and developing companies for distributing and marketing its products around the globe.
Explanation:
i hope this helps :)
Answer:
James Monroe
Explanation:
James Monroe is considered as one of the founding fathers of the United States of America. He was the United States President between 1817 to 1825. He was preceded by James Madison and succeed by John Quincy Adams. He was the fifth President of the United States of America. He was a member of the Democratic-Republican Party.
His administration was famous for the Monroe Doctrine and Era of Good Feelings.
