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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Salutary neglect
Salutary neglect is an American history term that refers to the seventeenth- and eighteenth-century British Crown policy of avoiding strict enforcement of parliamentary laws meant to keep American colonies obedient to England. It was informed by the believe that if the colonies were not strictly monitored they would flourish.
Answer:
I believe it is Carts and early boats
Explanation:
They felt patriotic for fighting for America. Most were freed slaves
<span>Albert Einstein became famous for the theory of relativity, which laid the basis for the release of atomic energy. </span>
