Question

Sarah is shopping for groceries at the local supermarket. She paid for her groceries using a $100 bill recently issued by the US government. What type of money did Sarah use for this transaction?
A)commodity money

B)flat money

C)digital money

D)representative money

Answer 1

The answer is "A)commodity money".

Commodity money is money whose esteem originates from an item of which it is made. Ware cash comprises of items that have an incentive in themselves (intrinsic value) and incentive in their utilization as money.

Commodity money is an item that fills in as cash, or money. The estimation of product cash depends on the material from which it's made. Precedents of ware cash incorporate valuable metals (gold, silver, copper), rural items (corn, wheat, grain), and cigarettes. The principal ware cash was utilized in a bargain framework where individuals may exchange some sustenance for a cultivating utensil. Today, numerous nations still utilize valuable metals like gold, silver, or platinum in the place of cash.

Answer 2

The correct answer is a