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Q: 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.
A: D) Representative money is portable, durable, divisible, and acceptable. It can also be exchanged for something else of value.
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Original conversation
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: Penny is an artist, and John is a carpenter. Penny agrees to paint a portrait of John’s family in exchange for a handmade table created by John. How did Penny and John pay for the goods in their transaction? a. using a store of value c. through bartering b. with money d. with currency

Weegy: Penny and John paid for the goods in their transaction: c. through bartering.
andrewpallarca|Points 24979|

User: What is the difference between commodity money and representative money? a. Commodity money consists of objects used as money that contain their own value, but representative money is a specific group of the commodity objects. b. 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. c. Representative money allows objects to be exchanged for something else, but commodity money has value because the government decreed it is an acceptable means to pay debts. d. Representative money consists of objects that have value in and of themselves, but commodity money makes use of objects because the holder can exchange them for something else of value.

Weegy: What is the difference between commodity money and representative money? c. Representative money allows objects to be exchanged for something else, but commodity money has value because the government decreed it is an acceptable means to pay debts
alfred123|Points 3429|

User: Why is using coins as money easier than using gold bars? a. coins are more durable c. coins are more uniform b. coins are more portable d. coins are more limited in supply

Weegy: B. Coins are more portable.
latefisher|Points 3420|

User: The six characteristics of money are; durability, portability, divisibility, uniformity, limited supply and acceptability.

Weegy: true The six characteristics of money are; durability, portability, divisibility, uniformity, limited supply and acceptability.
cacaides|Points 194|

User: objects that have value because the holder can exchange them for something else of value

User: One of the six characteristics economists use to judge how well an item serves as currency is divisibility. What does this concept mean? a. Currency must be divided into equal parts. b. Money must be indestructible and portable. c. Any two units of currency must be uniform. d. Money must be easily divided into smaller denominations.

Weegy: The answer is d. Money must be easily divided into smaller denominations.
jeifunk|Points 10251|

User: money that has value because the government has ordered that it is an acceptable means to pay debts

Question
Asked 8/31/2013 9:19:36 AM
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Questions asked by the same visitor
What is the gold standard? a. A system that uses actual gold coins as a country’s money. b. A system in which a country’s money is backed with gold. c. A currency system in which each dollar is worth 1/20 of a pound of gold. d. A money system in which the paper currency is good in more than one country
Question
Not Answered
Updated 10/4/2016 9:18:40 AM
2 Answers/Comments
What is the gold standard?
Answer: c. A currency system in which each dollar is worth 1/20 of a pound of gold.
Added 8/31/2013 11:25:06 AM
This answer has been flagged as incorrect.
Flagged by kiara07 [10/4/2016 9:18:39 AM]
The gold standard is a system in which a country’s money is backed with gold.

Added 10/4/2016 9:18:40 AM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [10/5/2016 10:13:19 AM]
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