Precious metals and cigarettes are the example of:
A) gold-exempt money.
B) non-backed money.
C) paper money.
D) commodity money.

Name: Precious metals and cigarettes are the example of: A) gold-exempt money. B) non-backed money. C) paper money. D) commodity money.
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Question

Quizplus · Accepted Answer

Precious metals and cigarettes are both examples of commodity money, which is money that has intrinsic value based on its commodity rather than being backed by a government or financial institution.

Precious Metals and Cigarettes Are the Example Of