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Objects that have value in themselves as well as their value by means of exchange are called?

Fiat money


What are objects called that have value in and of themselves as well as value as a means of exchange?

commodity money


What is the value of currency in one country compared with the value of currency in another?

This is called the Exchange Rate. You can look up exchange rates in newspapers, or in the internet.


What is a product called that is brought and sold and has value in a worldwide market?

commodity


What is The added value that marketing adds to a product is called?

dasf


What is Exchange value and medicine of exchange?

What is exchange value and medicine of exchange


What is anything that is used to determine value during the exchange of goods and services called?

Anything that is used to determine value during the exchange of goods and services is called a "medium of exchange." This typically refers to currency, such as money, which facilitates transactions by providing a common measure of value. In addition to traditional currency, other forms can include barter systems or digital currencies. The primary function of a medium of exchange is to simplify trade and eliminate the inefficiencies of direct barter.


When you promise to exchange something of value for something else of value is what?

When you promise to exchange something of value for something else of value, it is called a contract or a mutual agreement. This arrangement typically involves a legal obligation where both parties agree to fulfill their respective commitments. The exchange can involve goods, services, or other forms of compensation. Such agreements are fundamental in business and personal transactions.


What is it called when the value of money drops?

That's simple! Inflation. Money has less value, and to compensate it, product prices have to be higher.


If the supply and demand for currency determines the exchange rates this is called?

floating


Can you return or exchange an product for a different product?

Generally you can return or exchange a product for a different product, but stores have their own policies. It is best to check those policies before purchasing anything.


What does Xerox Corporation exchange its copiers and service contracts for?

Xerox Corporation exchanges its copiers and service contracts for money, or the promise to pay money in the future. Sometimes they also exchange for a valued service or product. That is called a barter exchange.