He was basically saying how thanful he is for the prize, but you can read it on your own for the best result :)
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:
brainly.com/question/13146777
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Answer:
During the revolution, the North was more patriotic, especially New England (New York was a loyalist hub), while the South was more loyalist, especially the landed gentry of the tidewater area, and the slave lords of the Deep South.
During the writing of the Articles of Confederation, the South was in favor of a weaker central government, while the North was in favor of a stronger central government.
Finally, during the creation of the constitution, the Southern states were in favor of equal state representation in Congress, since the Southern states tended to be less populated, while the Northern states were in favor of proportional state representation, because they tended to have more people. In the end, the Connecticut Compromise was reached, and the Senate became the body of equal state representation, while the House became the body of proportional state representation.
Octavian or Emperor Caesar Augustus is best known for the Pax Romana or Roman Peace. This was a period of prolonged peace and stability in the Roman Empire.
