Which of the following is an example of commodity money?
A) a U.S. dollar bill
B) a euro
C) a gold coin
D) funds in a U.S. checking account

Name: Which of the following is an example of commodity money? A) a U.S. dollar bill B) a euro C) a gold coin D) funds in a U.S. checking account
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Question

Quizplus · Accepted Answer

Commodity money is money whose value comes from a commodity of which it is made. Gold coins are an example because the value comes from the intrinsic value of the gold itself.

Which of the Following Is an Example of Commodity Money