Fiat money.. Trading at a higher value of the commodity value of the constituent material of which the money

Means the money is credit money is trading at a higher value of the commodity value of the constituent material of this money in some cases, the value of the commodity material made ​​them very little money, as is the case for copper money, but nevertheless remain less than the monetary value to it.
The question can be asked is: How the money to achieve or maintain the value (purchasing power) higher than the value of the item is made ​​of them?.
To achieve this the monetary authorities to limit the issuance of such money, by preventing the free transfer of the commodity to money and the monopoly of this process only on the monetary authorities of the state and considered a monopoly over all and the imposition of severe punishment for anyone who tries to issuance.

إرسال تعليق

أحدث أقدم

نموذج الاتصال