Representative, fiat, and credit monies are more efficient than commodity money.

Name: Representative, fiat, and credit monies are more efficient than commodity money.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Representative, fiat, and credit monies are more efficient than commodity money because they are easier to transport, divide, and use in transactions, and they do not rely on the intrinsic value of a physical commodity, making them more adaptable and practical for modern economies.

Representative, Fiat, and Credit Monies Are More Efficient Than Commodity