Commodity money is Bbibepure onM oreer: a. a kind of money which is a commodity separated from the entire mass of commodities, as a universal equivalent of value b. quasi-money in a socialist planned economy c. money used exclusively to buy goods. d only gold and silver

Question

Commodity money is Bbibepure onM oreer: a. a kind of money which is a commodity separated from the entire mass of commodities, as a universal equivalent of value b. quasi-money in a socialist planned economy c. money used exclusively to buy goods. d only gold and silver

Answer 1

The correct answer is a. Commodity money is a kind of money which is a commodity separated from the entire mass of commodities, as a universal equivalent of value. It is money that has intrinsic value in itself, such as gold or silver, and is used as a medium of exchange.

Вопрос

Commodity money is Bbibepure onM oreer: a. a kind of money which is a commodity separated from the entire mass of commodities, as a universal equivalent of value b. quasi-money in a socialist planned economy c. money used exclusively to buy goods. d only gold and silver

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Ответ