The correct answer is (d.) fiat money has no value except as money, whereas.

What gives commodity money its value?. What gives commodity money its value? Which of the following correctly describes the difference between commodity money and fiat money? According the website 1960s flashback, in 1960 one us dollar could.

What gives commodity money its value? The fact that commodities can be used to produce products of. For instance, if the us government said it was no longer using the dollar, a 1 dollar bill would become worthless.

Commodity money has its intrinsic value, which means if the commodity has no value, but it can be used as a means of exchange. Log in for more information. What gives commodity money its value.

What gives commodity money its value? Bitcoin can be bought, owned, and used by. Some of the examples of commodity money.

Commodity money is money whose value is derived from the commodity from which it is derived. The value of commodity money is the same as the value of the commodity. Bitcoin is a digital currency that can be owned and stored safely and inexpensively, unlike precious metals and other physical assets.

This set is often in folders with. What gives commodity money its value? The type of material with which it is made.