a.) If the face value of a coin exceeds the cost of coinage, the resulting reven

Question

a.) If the face value of a coin exceeds the cost of coinage, the resulting revenue to the issuer of the coin is known as ___________?
b.) A product that serves both as money and as commodity is _________?
c.) Coins and paper money circulating in the United states have face values that exceed the value of the materials from which they are made. Therefore, they are forms of______.
d.) If the government declares that creditors must accept a form of money as payment for debts, the money becomes ________?

Explanation / Answer

a) paper money
b) Check
c) paper money
d)commodity money

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