A popular teacher hands out candy bars to her students as an incentive for good behavior. If students choose to, they could then
trade one candy bar for a sheet of stickers or two candy bars to skip a quiz. In this classroom, the teacher is using candy bars as a form of: a) barter b) commodity money c) fiat money d) yummy money
In economy, the concept of commodity money is used to identify certain kind of acquisition power that can be used to obtain some other benefits. The commodity (In this case the candies) refers to the physical object that works to be exchanged for some other commodities or benefits (sheet of stickers, or skipping a quiz in this case) .
