If an economy uses silver as money,then that economy's money

Name: If an economy uses silver as money,then that economy's money
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Question

Quizplus · Accepted Answer

If an economy uses silver as money, then it would be considered commodity money because the silver itself has intrinsic value. Commodity money has value not because it is designated by the government as legal tender but because the commodity itself has value. Therefore, this economy's money would serve both as a store of value and as a medium of exchange.

If an Economy Uses Silver as Money,then That Economy's Money