drag the tiles to the correct boxes to complete the pairs. identify the type of money used for each…
drag the tiles to the correct boxes to complete the pairs. identify the type of money used for each transaction. chris bought a bagel with coins issued by the government. karen bought a bike by exchanging it for her silver receipt. luke paid six apples for two dozen eggs. representative money barter fiat money
Answer
Answer:
representative money → Karen bought a bike by exchanging it for her silver receipt. barter → Luke paid six apples for two dozen eggs. fiat money → Chris bought a bagel with coins issued by the government.
Brief Explanations:
Representative money is a claim on a commodity like a silver - receipt. Barter is direct exchange of goods without using money. Fiat money has value by government decree, like government - issued coins.