Explanation: has intrinsic value because it has other uses besides being a medium of exchange. Fiat money serves only as a medium of exchange, because its use as such is authorized by the government; it has no intrinsic value.

7 0

2 years ago

Please help and give me an explanation I don’t understand or know if it’s correct

andrezito [222]

Hello :) we got similar answers but i believe you made a few distributing mistakes! hopefully my work makes sense, if not i’ll totally try to explain more

p.s i might be too late whoops

p.p.s i’m in a higher grade but i haven’t done this kinda math in a longgg time haha so if you think i did something wrong trust your gut ✌️

7 0

3 years ago