Arrowheads are an example of _____ money.
A) fiat
B) representative
C) credit
D) none of the above

Question

Quizplus · Accepted Answer

Arrowheads do not fit into the categories of fiat, representative, or credit money. They were used as a form of commodity money in some societies, where their value was derived from the material they were made from and their utility, rather than being designated by a government (fiat) or representing a claim on a commodity (representative) or an extension of credit.

Arrowheads Are an Example of _____ Money