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Topic: Business
Number of pages / Number of words: 15 / 4152
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The value of commodity money is about equal to the value of the material contained in it. The principal materials used for this type of money have been gold, silver, and copper. In ancient times, various articles made of these metals, as well as of iron and bronze, were used as money, while among primitive societies commodities such as shells, beads, elephant tusks, furs, skins, and livestock served as mediums of exchange...


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The gold coins that circulated in the United States before 1933 were examples of commodity money because the value of the gold contained in the coin was about equal to the value of the coin. Credit money is paper backed by promises by the issuer, whether a government or a bank, to pay an equivalent value in the standard monetary metal, such as gold or silver...


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J Money The Money CHANGES IN THE VALUE OF MONEY It'S Not Really The Money: where is all of my money going? Is there enough money to go around? Needs and Wants: two attitudes toward money There Must Be More Money Getting By With More Than Money How to Beg for Money Money Money Money Money American Culture: Money! Money! Money! Some people think that governments should spend large amounts of money to explore outer space. Others think that this money should be used to improve life on earth Value Of Money

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