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it was commodity money and i tried to explain to my friend that it had the same value as paper money
whats commodity money? ?
commodity money us money whose value comes from a commodity of which it is made
oh wow cool
i has some representative money, which was good, because it represented the intent to pay some money in the future
? ? ? ?
oops i see im confusing you a bit. representative money is any medium exchange, often printed on paper
oh nice to know thanks
hurry this maybe the last chance of fiat money
excuse me? ? ?
oh gosh sorry.. fiat money is currency without intrinsic value that has been established as money, often by government regulation
oh haha okay thanks
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