When money takes the form of a commodity with intrinsic value, it is called a:
A)barter money
B)legal tender
C)commodity money
D)debased money

Question

Quizplus · Accepted Answer

Commodity money is the type of money that takes the form of a commodity with intrinsic value, such as gold or silver. This means that the money itself has value beyond its use as a medium of exchange. Unlike other forms of money, such as paper currency or coins made of base metals, commodity money has value even if it is not used for transactions.

When Money Takes the Form of a Commodity with Intrinsic