________ money could be used for some other purpose other than as a medium of exchange,for example,gold coins could be melted down and turned into gold jewelry.
A)Commodity
B)Fiat
C)Paper
D)Electronic

Question

Quizplus · Accepted Answer

Commodity money has value because of the commodity it is made of, such as gold or silver. It can be used for other purposes, such as making jewelry, and still hold its value. Fiat money (B) has no intrinsic value and is only valuable because a government declares it to be so. Paper money (C) and electronic money (D) are forms of fiat money.

________ Money Could Be Used for Some Other Purpose Other