Ask Question
BusinessBusiness
17 May, 10:38

Commodity money is:

a. money with intrinsic value.

b. receipts created in international trade that are used as a medium of exchange. c. the principal type of money in use today.

d. backed by gold.

+3
Answers (1)
  1. 17 May, 10:59
    0
    Money with intrinsic value.

    Explanation:

    Commodity money is a money which posses intrinsic value of of its own. It value depend on the commodity of which it is made of. This has been used as medium of exchange, it include Gold, silver, copper, cocoa beans, barley, etc. It is opposite to the fiat money, which is intrinsically useless. Value of commodity money is independent of government control.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Commodity money is: a. money with intrinsic value. b. receipts created in international trade that are used as a medium of exchange. c. the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
4. How and with whom would you communicate if: a. You buy a radio and it stops working in a short time? b. You try a new cosmetic and it causes a serious skin rash? c. You receive prompt, competent service in an auto repair center?
Answers (1)
Generally, the top management of a company would most benefit from information such as summary reports of transactions, detailed reports of problems, and operating plans and policies. True or false?
Answers (1)
Let r and s be relations with no indices, and assume that the relations are not sorted. Assuming infinite memory, what is the lowest-cost way (in terms of I/O operations) to compute r?
Answers (1)
Which of the following is prepared last? A. Balance Sheet B. Statement of Owner's Equity C. Trial Balance D. Income Statement
Answers (1)
What happens to prices and wages during an expansion?
Answers (1)
New Questions in Business
Trueview video ads can be especially effective for driving what goals?
Answers (1)
There are three factors that can affect the shape of the Treasury yield curve (r*t, IP_t, and MRP_t) and five factors that can affect the shape of the corporate yield curve (r*t, IP_t, MRPt, DRP_t, and LP_t).
Answers (1)
Alyson is an employee at Who'd of Thunk It Games, a company that was just purchased by a competitor. The goals set forth by the new management team are extremely ambitious and are placing seemingly insurmountable goals for the employees.
Answers (1)
Making any misleading representations or incomplete or fraudulent comparison of any insurance policies or insurers for the purpose of inducing, or tending to induce, any person to lapse, forfeit, surrender, terminate, retain, or convert any
Answers (1)
Once risks have been identified, how can they be managed?
Answers (1)
Home » Business » Commodity money is: a. money with intrinsic value. b. receipts created in international trade that are used as a medium of exchange. c. the principal type of money in use today. d. backed by gold.
Sign Up Forgot Password?