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ser-zykov [4K]
3 years ago
7

Which of these scenarios involves commodity money?

Business
2 answers:
Alekssandra [29.7K]3 years ago
4 0
Money is a kind of asset in an economy that is castoff to purchase goods and amenities from other people. A commodity is a physical thing that is willingly substitutable with one more item of the same type. Commodity money is a commodity that has intrinsic value. Intrinsic value is the commodity has worth though it is not used as money. So the answer is a woman offers her neighbor a US silver dollar in exchange for a bicycle.

Reptile [31]3 years ago
4 0

A commodity is a physical thing that is willingly substitute with one more item of the same type.

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