Gold,silver and furs,when used as money,are referred to as

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When items such as gold, silver, and furs are used as a medium of exchange for goods and services, they are referred to as commodity money. This form of money holds intrinsic value because it can be used for both monetary purposes and practical purposes such as jewelry or clothing. Fiat money (A) refers to currency that is not backed by a physical commodity, while precious money (B) and exchange money (E) are not commonly used terms in economics. Paper currency (C) substitutes for commodity money but is not considered commodity money.

Gold,silver and Furs,when Used as Money,are Referred to as