3 years ago

What type of money did this economy use?

1 answer:

5 0

Answer:

Commodity money relies on intrinsically valuable commodities that act as a medium of exchange. Fiat money, on the other hand, gets its value from a government order. ... And commercial bank money can be described as claims against financial institutions that can be used to purchase goods or services.

Explanation:

The four most relevant types of money are commodity money, fiat money, fiduciary money, and commercial bank money.

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