1 what is commodity money how does it differ from fiat, Ask an Expert

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1. What is commodity money? How does it differ from fiat money?

2. Suppose that you live in a simple farm economy where milk is accepted as the primary form of money. Discuss the difficulties with using milk as money in regard to:

a. A medium of exchange

b. A unit of account

c. A store of value

d. A standard of deferred payment.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92060165

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