- Study guides, Class notes & Summaries

As with goods, when the supply of money increases faster than does the demand, - CORRECT ANSWERthe value of the money falls Bank of North America - CORRECT ANSWERlimited-liability corporation, and could be viewed as the nation's first central bank Commodity money - CORRECT ANSWERmoney which has value as a medium of exchange equal to its value as a commodity- animal skins, whiskey, wheat, gold Fiat money - CORRECT ANSWERmoney which has value as a medium of exchange greater than its va...