Commodity money is something
A) that has no intrinsic value
B) that has an intrinsic value
C) that is based on a valuable metal
D) whose value never changes
E) whose value changes frequently
Correct Answer:
Verified
Q23: In order for something to be used
Q28: One characteristic of houses that makes them
Q29: The Miwok Indians of Yosemite Valley used
Q30: Whatever serves as a medium of exchange
Q33: Suppose an ocean liner sinks and the
Q34: The unit of account function of money
A)all
Q35: Which of the following was the earliest
Q38: Commitments to make or receive payments in
Q123: Inflation is impossible in a commodity money
Q128: In general,the more money in existence,the better
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents