____ is an object in use as a medium of exchange, but which also has a substantial value in alternative uses.
A)IOU
B)A commodity money
C)Fiat money
D)Deposit certificate

Question

____ is an object in use as a medium of exchange, but which also has a substantial value in alternative uses.
A)IOU 
B)A commodity money 
C)Fiat money 
D)Deposit certificate

Quizplus · Accepted Answer

A commodity money is an object used as a medium of exchange that also has value in other uses. For instance, gold and silver have industrial uses in addition to their use as money.

____ Is an Object in Use as a Medium of Exchange