Gold, silver, diamonds, salt, and copper are examples of A. representative money. B. credit. C. commodity money. D.

Question

Gold, silver, diamonds, salt, and copper are examples of
A. representative money.
B. credit.
C. commodity money.
D. fiat money.

in progress 0
2022-04-22T13:06:51+00:00 2 Answers 0

Answers ( 2 )

  1. Eloise124
    0
    2022-04-22T13:07:59+00:00

    The answer is letter C.

    Gold, silver, diamonds, salt, and copper are examples of commodity money. Their value comes from specific commodities of which they are made. They consist of objects that have a direct value to themselves the same as money has nowadays. During the early days, they were mainly used as mediums of exchange or for trade purposes.

  2. Reagan
    0
    2022-04-22T13:08:31+00:00

    The answer is commodity money or letter C. They are called commodity money because theynoriginated from a certain commodity from which they were created. These are items that have value in being whatnthey are as well as their function as money.nWhat makes it valuable is their utility or attractiveness.

Leave an answer

Browse
Browse

45:5+15*4 = ? ( )