Which type of money has intrinsic value?
A)commodity money
B)fiat money
C)both commodity money and fiat money
D)neither commodity money nor fiat money

Question

Quizplus · Accepted Answer

Commodity money has intrinsic value because it is made up of a valuable commodity, such as gold or silver, which has value in and of itself. Fiat money, on the other hand, has value only because the government has given it value through their decree or law. Therefore, option A) is the correct choice.

Which Type of Money Has Intrinsic Value