Question

Salt could be an example of commodity money. Question 1 options: True False

Answer 1

Answer:

I think the answer would be true. Hope this helps :)

Answer 2

Answer:

The statement is true. Salt could be an example of commodity money.

Explanation:

During ancient times, before the massive minting of coins and the large-scale exploitation of metals such as gold and silver, salt was used by many civilizations as currency.

Salt, during the time of the Phoenicians, was vital for the preservation of food and the storage of other products, so its value in itself was high. This led to salt being given an exchange value, which served to consume other products.

Workers were paid monthly with sums of salt, so the word "salary" comes from that time.