Pergunta

4) Representative money include (Check All That Apply): (5pts) Gold D Cattle Silver Diamonds None of the above
Solução

4.3218 Voting

EduardoEspecialista · Tutor por 3 anos
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Gold, Silver, Diamonds
Explicação
## Step 1
Representative money is a type of money that is backed by a physical good, such as gold or silver. This means that the value of the money is directly tied to the value of the physical good it represents.
## Step 2
In the given options, gold, silver, and diamonds are all physical goods that can be used as representative money. This is because they have intrinsic value and can be used as a store of value.
## Step 3
Cattle, on the other hand, is not typically considered representative money. This is because it is not a physical good that can be easily stored or transported, and its value is not as universally recognized as gold, silver, or diamonds.
## Step 4
The option "None of the above" is not correct because gold, silver, and diamonds are all examples of representative money.
Representative money is a type of money that is backed by a physical good, such as gold or silver. This means that the value of the money is directly tied to the value of the physical good it represents.
## Step 2
In the given options, gold, silver, and diamonds are all physical goods that can be used as representative money. This is because they have intrinsic value and can be used as a store of value.
## Step 3
Cattle, on the other hand, is not typically considered representative money. This is because it is not a physical good that can be easily stored or transported, and its value is not as universally recognized as gold, silver, or diamonds.
## Step 4
The option "None of the above" is not correct because gold, silver, and diamonds are all examples of representative money.
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