Question : Full-bodied money means:
Option 1: Money Value = Commodity Value
Option 2: Money Value Commodity Value
Option 3: Money Value

Question

Question : Full-bodied money means:

Option 1: Money Value = Commodity Value

Option 2: Money Value > Commodity Value

Option 3: Money Value < Commodity Value

Option 4: Money Value ≠ Commodity Value

Team Careers360 · Accepted Answer

Correct Answer: Money Value = Commodity Value

Solution : The correct answer is (a) Money Value = Commodity Value

Full-bodied money refers to a type of money where the value of the currency is directly equivalent to the value of the underlying commodity that it represents or is backed by. In this system, the money value is equal to the commodity value.

Option (a) correctly states that money value is equal to commodity value, which is the defining characteristic of full-bodied money. The value of the currency is directly tied to the intrinsic value of the commodity, such as gold or silver, backing it.

Therefore, the correct answer is Money Value = Commodity Value.

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Question : Full-bodied money means:Option 1: Money Value = Commodity ValueOption 2: Money Value > Commodity ValueOption 3: Money Value < Commodity Value Option 4: Money Value ≠ Commodity Value

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Question : Full-bodied money means:
Option 1: Money Value = Commodity Value
Option 2: Money Value > Commodity Value
Option 3: Money Value < Commodity Value

Option 4: Money Value ≠ Commodity Value

Question : Directions: If < means –, ! means ×, > means +, and @ means ÷, then what is the value of the following expression?
205 > 210 @ 15 ! 2 < 19

Question : Directions: what is the value of the given expression If < means –; ! means ×; > means +; and @ means ÷, then what is the value of the following expression?
183