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Q: Which of the following is an example of representative money? a. a fur coat c. gold earrings b. diamonds d. an IOU note
A: D. IOU note is an example of representative money.
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User: Which of the following is an example of representative money? a. a fur coat c. gold earrings b. diamonds d. an IOU note

Weegy: D. IOU note is an example of representative money.
harrytotteer|Points 70|

User: Why is representative money more useful than commodity money? a. Representative money can be used for other things besides currency. For example, gems can be made into jewelry, and cotton can be made into clothing. b. Representative money has value because the government has decreed that it is an acceptable means to pay debts. Commodity money had value only to people who believed it had value. c. Representative money exists in unlimited supply, allowing many more people to make use of it. d. Representative money is portable, durable, divisible, and acceptable. It can also be exchanged for something else of value.

Weegy: D) Representative money is portable, durable, divisible, and acceptable. It can also be exchanged for something else of value.
shizuo|Points 60|

User: Objects that have value because the holder can exchange them for something else of value is called: a. fiat money c. representative money b. commodity money d. uniformed money

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Asked 9/13/2013 6:41:37 AM
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