Money whose value is determined by its value as a material is referred to as

Question

Money whose value is determined by its value as a material is referred to as​

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Commodity money is money whose value is determined by the value of the material it is made from, such as gold, silver, or other precious metals. In contrast, inside money and outside money derive their value from their status as a means of exchange, while artificial money is created through government decree rather than being based on the inherent value of a material.

Money Whose Value Is Determined by Its Value as a Material