What was not a problem with using commodity money in the US colonies prior to 1700?
A) Very few people were willing to accept commodities as payment.
B) Commodity spoilage rates were high.
C) Controlling the quality of payments made with commodities.
D) High storage costs of commodities.

Question

Quizplus · Accepted Answer

Commodity money was widely accepted in the US colonies prior to 1700, as the colonies lacked a standardized currency system, making commodities a necessary and accepted form of payment.

What Was Not a Problem with Using Commodity Money in the US