A good that is used as a medium of exchange as well as being a consumption good is called
A)a barter money.
B)a commodity money.
C)a legal tender.
D)a debased money.

Question

Quizplus · Accepted Answer

A commodity money is a good that has value in itself and can be used as a medium of exchange. This means that it can be both a consumption good and a form of money. Examples include gold and silver, which were commonly used as money in the past.

A Good That Is Used as a Medium of Exchange