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svetoff [14.1K]
3 years ago
6

Which of these scenarios involves commodity money?

History
2 answers:
Ganezh [65]3 years ago
7 0

The correct answer is C) A woman offers her neighbor a US silver dollar in exchange for a bicycle.

Commodity Money is a commodity that has an intrinsic value because of the material it was made. On this example you can see that the woman offered her neighbor a US SILVER DOLLAR, this means this is not just “normal money” it has a different value because it is made with silver, because of this it is considered a commodity money.

SpyIntel [72]3 years ago
7 0

Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects that have value in themselves (intrinsic value) as well as value in their use as money so i probably would try c

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