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Representative money or receipt money is any medium of exchange, physical or digital, that represents something of value, but has little or no value of its own (intrinsic value). Unlike some forms of fiat money (which may have no commodity backing), genuine representative money must have something of intrinsic value supporting the face value .
Studs can be used to purchase new vehicles that can be summoned and used at the player's discretion. A rarer form of currency, Lego bricks, often require more difficult platforming or puzzle-solving to collect. Lego bricks are used to complete "superbuilds", which vary in use when completed, such as a structure to summon vehicles or stunt ramps ...
The (simple) price equates a quantity of one specific type of use-value to a quantity of money, whereas the meaning of "money form of value" is, that a given quantity of money will exchange for a quantity of any of the different kinds of use-values which the money can buy. So, the "money form of value" is not the same as a "price", in the first ...
Other terms include alternative currency, auxiliary currency, and microcurrency. Mutual credit is a form of alternative currency, and thus any form of lending that does not go through the banking system can be considered a form of alternative currency. Barters are another type of alternative currency. These are actually exchange systems, which ...
A local exchange trading system (also local employment and trading system or local energy transfer system; abbreviated LETS) is a locally initiated, democratically organised, not-for-profit community enterprise that provides a community information service and records transactions of members exchanging goods and services by using locally created currency. [1]
When police searched Siegel’s home, they said, they found the stacked boxes of Lego toys, with individual boxes varying in value from $20 to more than $1,000.
This is a list of alternative names for currency. A currency refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins. [1] [2] A more general definition is that a currency is a system of money (monetary units) in common use, especially in a nation. [3]
The Liberty Dollar "base value" was created by Bernard von NotHaus. As of 2009, the base value of the Liberty Dollar was $20 Liberty Dollars to one ounce of silver. [13] At the time the Liberty Dollar operation was closed, one ounce Liberty Dollar gold pieces were denominated $1,000 with a maximum charge of 10% over spot price with membership.