Which of the following is an example of a commodity money?
A) gold coins
B) dollar bills
C) British pound notes
D) Japanese yen notes

Question

Quizplus · Accepted Answer

Commodity money is a type of money that has intrinsic value, meaning it is made of a valuable commodity such as gold, silver, or precious stones. Gold coins are a classic example of commodity money because they have value not only as a medium of exchange but also as a valuable metal. Dollar bills, British pound notes, and Japanese yen notes are fiat money, which have no intrinsic value and are valuable only because the government says they are.

Which of the Following Is an Example of a Commodity