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Author Question: How does commodity money differ from fiat money? a) Fiat money is backed by something of ... (Read 373 times)

09madisonrousseau09

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on: Jul 10, 2018
How does commodity money differ from fiat money?
 
  a) Fiat money is backed by something of intrinsic value.
  b) Commodity money is actually a barter system.
  c) Fiat money requires more than two parties.
  d) Commodity money is backed by something of intrinsic value.

Question 2

What material symbol defines what is important in life for most people in Europe and the United States?
 
  a) Money
  b) Food
  c) Sports
  d) Kin


katheyjon

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Reply #1 on: Jul 10, 2018
Answer to Question 1

ANS: D

Answer to Question 2

ANS: A


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