Money that has value apart from its use as money is:

Question

Quizplus · Accepted Answer

Money that has value apart from its use as money is commodity money, which has value based on its intrinsic worth. Examples of commodity money include gold, silver, and precious stones. Fiat money (A) has value only because the government declares it to be legal tender, while currency (B) refers to the physical form of money (i.e. paper bills and coins). Convertible paper money (C) can be exchanged for a fixed amount of a commodity, but it still derives its value from the backing of the commodity.

Money That Has Value Apart from Its Use as Money