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A commodity form of money is when the value of the money is determined by the intrinsic worth of what makes it. For example, if the money is salt (as was used by the Roman Empire) then the value of the money is the same as the value of the same weight of salt in another form.
A token form of money is when a form of money (for example a coin) is created that has little or no intrinsic value, but has value because a company or person has agreed to exchange the token for a good or service of value. One example is bus tokens - small coins that can be presented on buses in exchange for transportation.
What else can I help you with?
What is an Advantage of token economy?
The advantage of the token economy is that you learn to control how to spend your money.
Why did people invent coins and paper money?
The first paper money was made in China. It could be burned at funerals and other important times to send wealth to one's ancestors. It is now made as it is less expensive to produce at the mint and more portable for the user than coinage would be.
What is the difference between digital currency and cryptocurrency?
Digital currency is a broad term that refers to any form of money that exists electronically. Cryptocurrency is a specific type of digital currency that uses cryptography for security and operates independently of a central authority, such as a government or bank.
What is A single unit of predecimal currency hoarded is the equivalent of a similar pecuniary token received as wages?
A penny saved is a penny earned.
What is economic trees coin from LAMPS?
Economic Trees Coin is a cryptocurrency token issued by the LAMPS platform, which stands for Liquidity And Market Making Protocol System. The coin is designed to facilitate liquidity provision and market making activities within the cryptocurrency ecosystem. It aims to incentivize users to provide liquidity for various tokens, particularly focusing on assets related to economic trees, such as timber or agriculture-related assets. The platform utilizes smart contracts and decentralized finance (DeFi) mechanisms to enable efficient trading and liquidity provision for economic tree-related assets.
What is the difference between fiat money and token money?
Token money is a type of money whose intrinsic worth is less than its nominal value eg its value as money is less than its value as metal while fiat money is a type of money which intrinsic value is more than its nominal value.
What is difference between Token Ring Token Bus?
In a token bus network architecture, the nodes at either end of the bus do not actually meet. In a token ring, the network logically functions as a ring, but is wired as a star.
What is difference between fddi and 802.5 token ring?
Fddi can be further connected to other networks whereas token ring is individual network of computers.
What is the difference between type and token in linguistics?
In linguistics, a type refers to a unique word or form, while a token refers to the total number of times that word or form appears in a text.
What is an Advantage of token economy?
The advantage of the token economy is that you learn to control how to spend your money.
What Difference between Token and lexeme?
One or many lexemes can belong to same token(category) and when lexeme recognized by a scanner to be in a some category that category returned as the token. A lexeme is a section of text, which represents a token. For example in case of a number there are many lexemes representing the same token; for example: "12", "14.8" or "1001". Such general tokens are described by patterns of text.
Do you say token of money or token amount of money?
It depends what you mean to say. "Token of money" means a coinlike substitute for real money, which can be used exclusively on buses or other forms of mass transit. These are usually called "tokens". A token amount of something, on the other hand, is an amount just large enough to be able to say that it was paid. In the same way that a token minority employee is the one employee of the minority hired to prove that minorities are hired, a "token amount of money" is an amount given just to say that something was given. People often talk about leaving a token amount of money to someone in their wills, saying "I leave to my cousin John Jones the sum of one dollar." Likewise, a token amount of money might refer to an honorarium, a gift for services which is grossly less than the value of the services really is, and which is given to volunteers. Where I come from, "token amount of money" is more idiomatic than "token of money". It may be different elsewhere.
Do you have to have money on your credit card to get free apps?
no the money gets token away and you have to pay a fee
What is token money?
Token money is a type of currency that holds value because people agree to use it, not because it's made from valuable materials. For example, a paper bill or a metal coin is worth more than the paper or metal itself because people trust it can be exchanged for goods or services. With Advance Token Development, digital tokens are becoming increasingly popular as they represent value and can be used for online payments, blockchain transactions, or even within games. Visit Nadcab Labs for more info about Token Development.
What is the difference between nextLine and next method in scanner class java?
nextLine() reads a complete line while next() reads the next token ( a single word)
How much is a dallas zoo token worth?
A zoo token is worth between $2-400,000,000, depending on the age.
What is the Difference between leaky bucket and token bucket algorithm?
An important difference between two traffic shaping algorithms: token bucket throws away tokens when the bucket is full but never discards packets while leaky bucket discards packets when the bucket is full. Unlike leaky bucket, token bucket allows saving, up to maximum size of bucket n. This means that bursts of up to n packets can be sent at once, giving faster response to sudden bursts of input. Leaky bucket forces bursty traffic to smooth out, token bucket permits burstiness but bounds it. Token bucket has no discard or priority policy. Token bucket when compared to leaky bucket, is easy to implement. Each flow needs just a counter to count tokens and a timer to determine when to add new tokens to the counter.
