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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True and false.
True: So many people suffered from the atomic bomb. The effects were devastating.
False: Now that we have this technology, we can end wars faster. During WW2, the Central Powers were winning. With the bomb, the Allies were able to get the upper hand.
Answer: At the core of Lincoln's work were the values of liberty and equality. Those values shone through in his words. More important, they were reflected in his actions. It was his closely held principles that guided him through some of the most difficult decisions that a leader could face.
Main purpose of the pan african movement was to get africans to think of themselves as one people and work together to improve their lives. Hope I helped have a great day :)
