Personal possession of currency is prohibited in U.S. prisons, although, in practice, prisoners still exchange goods and services. American prisoners used cigarettes as a medium of exchange until smoking was banned in U.S. prisons in 2003. After 2003, prisoners looked to other items on the commissary menu to facilitate exchange. In 2008, the Wall Street Journal reported that energy bars had caught on as money in some American prisons. Outside of U.S. prisons, people use the U.S. dollar for day-to-day transactions. One important difference between using energy bars and using dollars as money is that__ have intrinsic value. U.S. dollars are an example of_ money.

Question

13-03-2020
Business

contestada

Personal possession of currency is prohibited in U.S. prisons, although, in practice, prisoners still exchange goods and services. American prisoners used cigarettes as a medium of exchange until smoking was banned in U.S. prisons in 2003. After 2003, prisoners looked to other items on the commissary menu to facilitate exchange. In 2008, the Wall Street Journal reported that energy bars had caught on as money in some American prisons. Outside of U.S. prisons, people use the U.S. dollar for day-to-day transactions. One important difference between using energy bars and using dollars as money is that__ have intrinsic value. U.S. dollars are an example of_ money.

Respuesta :

Otras preguntas

which of the following is a recommended policy for industrially advanced countries to adopt in order to foster economic growth in dvcs?

after working with his team for a while, patrick realizes that his team is more diverse than he initially thought. the members come from a variety of functional

Determine the number of residuals that are positive, negative, and zero. PLEASE EXPLAIN THE ANSWER AS WELL THANK YOU!!

________ refers to behavior considered abnormal if it produces a sense of distress, anxiety, or guilt in an individual or if it is harmful to others in someway.

A series circuit has three resistors of 4 ohms each. The voltage drop across each resistor is 4 volts. Technician A says that the source voltage is 12 volts. Te

based on the information in the chart what characteristics are similar in the two chinas?

All of the following are true about cell respiration EXCEPT: a. All plant and animal cells carry out respiration all the time. b. It consists of glycolysis, K

which of the following resources would you use when you need the most recent research on the long-term psychological effects of pearl harbor on veterans who sur

if a price discriminating monopoly faces the below demand curve charges two diferrent prices of $40 and $20 what would be their total revenue

A garden table and a bench coat $788 combined. The garden table cost $62 less than the bench. What is the cost of the bench?

jepessoa jepessoa · Answer 1 · 2020-03-17T05:43:49+01:00

Answer:

One important difference between using energy bars and using dollars as money is that ENERGY BARS have intrinsic value. U.S. dollars are an example of FIAT money.

Explanation:

Energy bars have intrinsic value and therefore present a type of commodity inside the jail. This is called commodity money because energy bars have value besides the value assigned by the prisoners. They serve as a medium of exchange but they can also be eaten.

On the other hand, fiat money or official currency has value because the government backs it. For example, the US dollar has value because the US government stands behind them: "This note is legal tender for all debts, public and private." US dollars can only be used as money, since they cannot be eaten like energy bars or traded for another use besides being money.