what is representive paper money?
Answers
Answered by
2
Answer:
Representative money is any medium of exchange, often printed on paper, that represents something of value, but has little or no value of its own (intrinsic value). ... In this sense it may be called "commodity-backed money". Any type of money that has face value greater than its value as material substance.
Answered by
0
Answer:
Representative money is any medium of exchange, often printed on paper, that represents something of value, but has little or no value of its own (intrinsic value). ... In this sense it may be called "commodity-backed money". Any type of money that has face value greater than its value as material substance.
Similar questions