Commodity money
A) has no intrinsic value.
B) has intrinsic value.
C) is used exclusively in the economies of western Europe and North America.
D) is used as reserves to back fiat money.

Name: Commodity money A) has no intrinsic value. B) has intrinsic value. C) is used exclusively in the economies of western Europe and North America. D) is used as reserves to back fiat money.
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Question

Quizplus · Accepted Answer

Commodity money has intrinsic value because it is a good that is useful in and of itself, such as gold or silver.

Commodity Money