Which of the Following Is an Example of Representative Money

3Which of the following is an example of representative money. Medium of exchange and unit of account.

Office Manager Resume

Fiat money is physical moneyboth paper money and coinswhile representative money is a form of currency that represents the intent to pay such as a check.

. An IOU note c. Group of answer choices. Which characteristic of money did the.

Score 1 Alberto Serrano Garcia Points 810. Correct answer - Which of the following is an example of representative money. To make sure that banks do not fail b.

To make sure that customers do. Which of the following is an example of representative money. Which of the following is an example of money as unit of account.

Fiat money is backed by the government while representative money can be backed by different assets or financial instruments. Check is an example of representative money. In the 1990s the Russian people lost confidence in the value of the ruble and many were no longer willing to sell goods and services in exchange for Russian currency.

For example if your brother gives you an IOU. Representative money is an item such as a token or piece of paper that has no intrinsic value but can be exchanged on demand for a commodity that does have intrinsic value such as gold silver copper. Which of the following is NOT an example of M1 money.

Hence Option A check is correct option. Which of the following is an example of representative money. A tract of land is not money because this is land.

Which of the following is an example of representative money. The term representative money has been used for different means. An IOU note 4What is the purpose of the Federal Deposit Insurance Corporation FDIC.

A fur coat c. Group of answer choices. Which of the following is an example of a bond being traded on the secondary market.

Representative money is portable durable divisible and acceptable. Salt is eating thing not money. A fur coat c.

A 20 bill b Diamonds c Gold earrings d Debit card. Which of the following is an example of representative money. Makes use of objects that have value because the holder can exchange them for something else of value.

Check can be cashed into money thats why it is representative of money. For example a personal check is backed by the money in a bank account. Representative money is an object such as a token or piece of paper that has no natural value but can be replaced on demand for a stock that does have natural value such as gold silver and copper.

For example a personal check is backed by the money in a bank. A fur coat C. Which of the following is an example of representative money.

A medium of exchange a unit of account and it serves as a store of value. How does the modern money of the US differ from money used in. Which of the following is an example of representative money.

An example of representative money is an IOU note. Hence a Check is an example of representative money. Some of the examples of commodity money are gold and silver coins.

Which of the following functions of money do cattle provide. For example salt cattle and precious stones have been used in various societies as commodity money. A fur coat c.

Representative money is an item such as a token or piece of paper that has no intrinsic value but can be exchanged on demand for a commodity that does have intrinsic value such as gold silver copper and even tobacco Google.

Download Business Letter Format Business Letter Template Business Letter Example

Definition Of Representative Money Higher Rock Education

Customer Service Resume Examples Professional Resume Examples Good Resume Examples Resume Summary Examples

Are You Looking For A Free Cv Template Sign Up For Our Job Search Ideas And Download This Resume Examples Perfect Resume Example Professional Resume Examples

Investigation Report Template Disciplinary Hearing 2 Professional Templates Report Template Letter Format Sample Letter Templates

Best Sales Customer Service Representatives Cover Letter Examples Create Best Free Cover Letter For Resume Customer Service Cover Letter Job Cover Letter

Pin By Julie Moren On Pre Algebra Pre Algebra Summative Assessment Math Class

28 New Gallery Of Resume Templates Nova Check More At Https Www Ourpetscrawley Com 28 New Gallery Of Resume Templates Nova

Sample Eviction Notice Template Eviction Notice Being A Landlord Templates

Form Of Resume For Job Elegant Best Apprentice Concrete Form Setter And Finisher Resume Good Resume Examples Resume Examples Resume Objective Examples

Fiat Money History Real Money Fiat Currency Changeinadvance S Blog Fiat Money Money Money Collection

Thank You Messages Com Cover Letter For Resume Job Letter Resume Examples

Best Of How Long Does It Take To Get A Social Security Disability Award Letter And Pics Di 2020

Social Worker Resume Summary Beautiful Public Health Resume Samples Resume Examples Good Resume Examples Letter Templates

The Astonishing 401k Summary Annual Report Everything You Need To Know With Llc Annual Report Template Report Template Annual Report Progress Report Template

Example Of Commitment Letter Filename Istudyathes Throughout Letter Of Commitment Template 10 Professional Templ Lettering Good Resume Examples Resume Words

Thank You Messages Com Cover Letter For Resume Job Letter Resume Examples

Thank You Messages Com Cover Letter For Resume Job Letter Resume Examples

Visual Merchandiser Job Description Resume Lovely Merchandiser Retail Representative Part Time Resume Sample My Per Resume Examples Resume Skills Sample Resume