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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.
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User: a system that keeps only a fraction of funds on hand and lends out the remainder

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.
scijoe21|Points 2275|

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Asked 7/19/2013 7:08:33 AM
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