what is the difference between a commodity's use value and its exchange value?
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a value (note the link is to a non-Marxian definition of value); a use value (or utility); an exchange value, which is the proportion at which a commodity can be exchanged for other commodities; a price (it could be an actual selling price or an imputed ideal price).
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Underlying Asset: The valuation of ETF and futures products is based on an underlying asset or collection of assets. Equities indices, commodities, currencies and debt instruments are all addressed. Futures products are considered to be financial derivatives, while ETFs are not—most of the time.
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Commodity money is money whose value comes from a commodity of which it is made. ... This is in contrast to representative money, which has little or no intrinsic value but represents something of value, and fiat money, which has value only because it has been established as money by government regulation.
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Commodity-backed money is a slight variation on commodity money. While commodity money uses the commodity itself as currency directly, commodity-backed money is money that can be exchanged on demand for a specific commodity.
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['General Acceptability: ADVERTISEMENTS: ... ', 'Portability: A commodity fit to be used as money must be such that it can be easily and economically transported from one place to the other. ... ', 'Indestructibility or Durability: ... ', 'Homogeneity: ... ', 'Divisibility: ... ', 'Malleability: ... ', 'Cognizability: ... ', 'Stability of Value:']
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The major difference between market value and market price is that the market value, in the eyes of the seller, might be much more than what a buyer will pay for the property or it's true market price. Value can create demand, which can influence price. ... However, buyers and sellers can view value differently.
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It differs from commodity money and representative money. Commodity money is created from a good, often a precious metal such as gold or silver, which has uses other than as a medium of exchange (such a good is called a commodity), while representative money simply represents a claim on such a good.
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There is a big difference between the two. The stock's price only tells you a company's current value or its market value. So, the price represents how much the stock trades at—or the price agreed upon by a buyer and a seller. ... On the other hand, the intrinsic value is a company's actual worth in dollars.
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Equity refers to shares that are traded on a stock exchange and represent an ownership interest when purchased. Commodity trades are shorter term and focused on making profits through price changes, and equity investments are usually made for a longer period of time, with a focus on ownership in a successful firm.
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What is the difference between commodity money and fiat money? Commodity money involves the use of an actual good in place of money (gold coin, tobacco). Fiat money has no other value than as a medium for exchange; value comes from government (paper money).
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The value date is the day that the currencies are traded, not the date on which the traders agree to the exchange rate. ... The trade date is the date on which a transaction was executed. The settlement date is the date on which a transaction is completed. The value date is usually, but not always, the settlement date.
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The difference between Barter and Trade. When used as nouns, barter means an exchange of goods or services without the use of money, whereas trade means buying and selling of goods and services on a market.
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The difference between Currency And Money Currency is not a store of value, in fact, it can even go to zero because of extreme circumstances. It is also volatile because it has no intrinsic value. Money, on the other hand, is a store of value. Gold (which is money) has always been a consistent store of value.
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The primary difference between barter and currency systems is that a currency system uses an agreed-upon form of paper or coin money as an exchange system rather than directly trading goods and services through bartering.
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A commodity future derives its value from the underlying commodity. A trader will either buy or sell the futures contract based on his expectation of the price of the commodity. ... Whereas a stock is traded for dividend and market growth, one trades a commodity future on expected price action.
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Commodity money gets its value from its own worth, like with precious metals (e.g. gold and silver), salt, or even shells. Fiat money has attributed value because a government declares it legal tender - it has no intrinsic value.
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The distinction between the two comes down to orientation. Accounting values are backward looking, while market values are oriented toward the present and future.