http://www.differencebetween.net/business/finance-business-2/difference-between-fiat-money-and-commodity-money/ WebArticle shared by : ADVERTISEMENTS: Some of the major leads under which money has been classified are as follows: (i) Full bodied Money (ii) Representative Full-bodied Money and (iii) Credit Money. Money can be classified on the basis of relationship …

Full-bodied money Definition & Meaning - Merriam …

WebOct 25, 2024 · Cash Money and Credit Money 22. The Components of Money Supply 23. Forms of Money • In modern monetary transactions, the total stock of money or money supply includes the following: • Metallic money or currency coins • Standard or Full-bodied Coins. • Token coins • Paper Money Or Paper Currency • Credit Or Bank Money 24. WebThe types of money circulated in an economy are as follows: Full-bodied money. It is the type of money whose value as money is equivalent to its value as a commodity. E.g. – … tracks fidget

What is full bodied money and credit money? - EDUREV.IN

WebPaper money fully backed by a precious metal and issued by the government is called: a. fiat money b. representative full-bodied money c. full-bodied money d. credit money … WebWhat is full bodied money and credit money? Full body money It refers to the money in terms of coins whose commodity value is equal to the money value aa when they issued. WebThe types of money circulated in an economy are as follows: Full-bodied money. It is the type of money whose value as money is equivalent to its value as a commodity. E.g. – Gold coin. Token Money/Credit Money/Paper Money. Value as money is much more than the value as a commodity. E.g. – Paper Currency. Representative full-bodied money the rolly rolly rolly