Answered

Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Discover precise answers to your questions from a wide range of experts on our user-friendly Q&A platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

Compare and contrast the terms "Fiat Money" and "Commodity Money".

Sagot :

AmazingJasiah

Answer:

Commodity money has some intrinsic value due to the content of precious metal it is made up of or backed by, but debasement or increases in precious metal supply can cause inflation.

Fiat money is backed only by the faith of the government and its ability to levy taxes.

Hope this helped you compare and contrast

Explanation:

We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.