WebRepresentative full-bodied money consists of paper money fully backed by a precious metal.(T/F) answer. True. question. ... Even though credit card balances and limits are not included in any definition of money supply, these balances and limits can affect the rate of turnover of money supply and contribute to money supply expansion. (T/F) WebApr 6, 2024 · Full-bodied money refers to any unit of money, whose intrinsic value and face value are equal, i.e., Commodity Value = Money Value. For example , During the …
What are the Classification of money? - Answers
WebCommodity money is made of certain mortal, and its face value is equal to its intrinsic value. It is also referred to as full-bodied money. Commodity money is both a medium of exchange and a store of value. Representative money means those notes which are freely convertible into full-bodied money. Webgocphim.net mital shah moore kingston smith
Fiat vs. Representative Money: What
WebRepresentative full-bodied money consists of paper money fully backed by a precious metal. Answer: T. Difficulty Level: Medium. ... Even though credit card balances and limits are not included in any definition of money supply, these balances and limits can affect the rate of turnover of money supply and contribute to money supply expansion ... WebMay 31, 2024 · : money which has a face value not in excess of its intrinsic value as a commodity Commodity money may be either full bodied money or token money. — What does full bodied Flavour mean? Full-bodied is a wine tasting term that refers to wines that feel heavy, thick and viscous in the mouth. The tasting term refers only to mouthfeel, not … WebOct 4, 2024 · Fiat money is backed by a country's government instead of a physical commodity or financial instrument. This means most coin and paper currencies that are … info tzb