The widespread historical use of gold or silver in transactions is an example of

Name: The widespread historical use of gold or silver in transactions is an example of
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The use of gold or silver as a medium of exchange is an example of commodity money, where the currency has intrinsic value based on the commodity it represents. This was common in the past, where coins made of precious metals served as a means of payment, and the value was determined by the metal content.

The Widespread Historical Use of Gold or Silver in Transactions