Answer:
well how am I going to know what you want me to answer
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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The 27th <span> amendment as proposed by Congress in 1789
reads as follows: No law, varying the compensation for the services of
the Senators and Representatives, shall take effect, until an election
of Representatives shall have intervened.</span>
<span>Presentation looks at both </span>Herbert Hoover's and FDR's<span> attitudes towards government as well as their treatment of the Great Depression.</span>
