Asked by ahmad sirri on Jun 12, 2024
Verified
List two examples of commodity money.
Commodity Money
Currency that possesses inherent worth and serves functions beyond simply facilitating trade, like gold or silver.
- Distinguish between commodity money and fiat money, and comprehend the inherent value of both.
Verified Answer
BN
Bruce NgumoJun 16, 2024
Final Answer :
Commodity money refers to money that has intrinsic value (that is, value to consumers). Two examples of items used as money that also have intrinsic value are gold and cigarettes.
Learning Objectives
- Distinguish between commodity money and fiat money, and comprehend the inherent value of both.