williespence912 williespence912
  • 14-02-2018
  • History
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What is the difference between commodity money and representative money?

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janukasunuwar25 janukasunuwar25
  • 11-04-2018
Commodity money is something that used as the medium of exchange that has value in its own right. For example, gold, silver, cigarette. representative money is commodity backed money.
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addisonkoch101027
addisonkoch101027 addisonkoch101027
  • 28-03-2021

Answer:

Commodity money consists of objects that have value in and of themselves, but representative money makes use of objects because the holder can exchange them for something else of value.

Explanation:

Edge 2021

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