Explain why a system of commodity-backed money uses resources more efficiently than a system of commodity money.

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Macroeconomics

ISBN: 9781319245269

6th Edition

Authors: Paul Krugman, Robin Wells

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Question Posted: Feb 16, 2024 04:01 AM

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Explain why a system of commodity-backed money uses resources more efficiently than a system of commodity money.

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Commoditybacked money uses resources more efficiently than simple commodity money like gold and s...View the full answer

Macroeconomics

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