Identify the type of money used for each transaction. tiles chris bought a bagel with coins issued by the government. karen bought a bike by exchanging it for her silver receipt. luke paid six apples for two dozen eggs. pairs representative money commodity money fiat money

Answer

Explanation

Money Anything of value that is accepted in return for goods or services. e,g paper currency and coins, precious metal and many other valuable items Money can be used as medium of exchange, in storing value or even as unit of account There are different types of money which are  commodity money,representative money and flat money

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: ) : 0 : o : d

explanation: