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What is the difference between a commodity form of money and token money?
Wiki User
∙ 12y ago
A commodity form of money is when the value of the money is determined by the intrinsic worth of what makes it. For example, if the money is salt (as was used by the Roman Empire) then the value of the money is the same as the value of the same weight of salt in another form.
A token form of money is when a form of money (for example a coin) is created that has little or no intrinsic value, but has value because a company or person has agreed to exchange the token for a good or service of value. One example is bus tokens - small coins that can be presented on buses in exchange for transportation.
Wiki User
∙ 12y ago
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What is an Advantage of token economy?
The advantage of the token economy is that you learn to control how to spend your money.
Why did people invent coins and paper money?
The first paper money was made in China. It could be burned at funerals and other important times to send wealth to one's ancestors. It is now made as it is less expensive to produce at the mint and more portable for the user than coinage would be.
What is A single unit of predecimal currency hoarded is the equivalent of a similar pecuniary token received as wages?
A penny saved is a penny earned.
Have coin dated 1824 with words perish credit perish commerce what is the value?
July 25, 2009 What you have is a Hard Times Token, not a coin, and should be dated 1834. It has a pig on the reverse side with the words "Perish Credit Perish Commerce". Hard Times Tokens were issued by private citizens because legal coins were scarce during the economic crunch of the 1830s. Many of these tokens bore slogans such as yours does and reflected the causes of the economic problems of the day. The value of this token ranges from about $20 to about $50 depending upon its condition.
Why did the kings issue coins and discontinued the barter system?
I'm not certain kings had a lot to do with it, but I think the belief is that coins were "receipts for work" - when people started living in communities, you could imagine that people would work in exchange for goods, but if they didn't want the actual goods available, they would be given a token to indicate they'd done the work which they could exchange for goods from someone else. Keeping the idea that money is a receipt for work done is very useful. Once the idea of coins was established, rulers could take a percentage as tax - so everyone worked some of the time for the government.
What is the difference between fiat money and token money?
Token money is a type of money whose intrinsic worth is less than its nominal value eg its value as money is less than its value as metal while fiat money is a type of money which intrinsic value is more than its nominal value.
What is token money?
token money is a money which its intrinsic than paper money
What is difference between Token Ring Token Bus?
In a token bus network architecture, the nodes at either end of the bus do not actually meet. In a token ring, the network logically functions as a ring, but is wired as a star.
What is difference between fddi and 802.5 token ring?
Fddi can be further connected to other networks whereas token ring is individual network of computers.
What is an Advantage of token economy?
The advantage of the token economy is that you learn to control how to spend your money.
What Difference between Token and lexeme?
One or many lexemes can belong to same token(category) and when lexeme recognized by a scanner to be in a some category that category returned as the token. A lexeme is a section of text, which represents a token. For example in case of a number there are many lexemes representing the same token; for example: "12", "14.8" or "1001". Such general tokens are described by patterns of text.
Do you say token of money or token amount of money?
It depends what you mean to say. "Token of money" means a coinlike substitute for real money, which can be used exclusively on buses or other forms of mass transit. These are usually called "tokens". A token amount of something, on the other hand, is an amount just large enough to be able to say that it was paid. In the same way that a token minority employee is the one employee of the minority hired to prove that minorities are hired, a "token amount of money" is an amount given just to say that something was given. People often talk about leaving a token amount of money to someone in their wills, saying "I leave to my cousin John Jones the sum of one dollar." Likewise, a token amount of money might refer to an honorarium, a gift for services which is grossly less than the value of the services really is, and which is given to volunteers. Where I come from, "token amount of money" is more idiomatic than "token of money". It may be different elsewhere.
Do you have to have money on your credit card to get free apps?
no the money gets token away and you have to pay a fee
How much is a dallas zoo token worth?
A zoo token is worth between $2-400,000,000, depending on the age.
What is the difference between nextLine and next method in scanner class java?
nextLine() reads a complete line while next() reads the next token ( a single word)
What is the Difference between leaky bucket and token bucket algorithm?
An important difference between two traffic shaping algorithms: token bucket throws away tokens when the bucket is full but never discards packets while leaky bucket discards packets when the bucket is full. Unlike leaky bucket, token bucket allows saving, up to maximum size of bucket n. This means that bursts of up to n packets can be sent at once, giving faster response to sudden bursts of input. Leaky bucket forces bursty traffic to smooth out, token bucket permits burstiness but bounds it. Token bucket has no discard or priority policy. Token bucket when compared to leaky bucket, is easy to implement. Each flow needs just a counter to count tokens and a timer to determine when to add new tokens to the counter.
Is there any z token or money cheats for aq?
unless you have cheat engage no
