commodity money
Place value = 10 Face value = 2 Product = 20.
The value of product shipped by cereal manufacturers were $9.1 billion in 1997
The value of product shipped by cereal manufacturers were $11.4 billion in 2001
product
Fiat money
commodity money
This is called the Exchange Rate. You can look up exchange rates in newspapers, or in the internet.
commodity
dasf
What is exchange value and medicine of exchange
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, 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.
That's simple! Inflation. Money has less value, and to compensate it, product prices have to be higher.
floating
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.
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.