When early settlers needed to buy farming equipment and supplies, they often would use the milk, eggs, and crops their farms produced as currency. As it pertains to money, this scenario depicts

Question

Quizplus · Accepted Answer

This scenario describes the concept of using limited-supply commodities that have their own value in society as currency. The supply of these commodities therefore determined the supply of "money"
in that society.

When Early Settlers Needed to Buy Farming Equipment and Supplies