1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
NNADVOKAT [17]
2 years ago
13

Commodity money has value based on:

Social Studies
1 answer:
Veseljchak [2.6K]2 years ago
4 0

Answer:

A. the type of material that was used to make it.

Explanation:

Money can be defined as any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.

Simply stated, money is an asset used for the purchase of goods and services.

Commodity money simply refers to money that derives its value from the commodity with which it is created from.

Basically, the type of material with which money is made is what gives commodity money its value because it is based on the perception of the buyer and seller of goods and services.

This ultimately implies that, commodity money has value based on the type of material that was used to make it. Some examples of commodity money are gold, diamonds, silver, cowry, cocoa, copper, and other valuable resources.

You might be interested in
Help. I'm so confused about this.
avanturin [10]

Answer:My answer would be Letter B

Explanation:

8 0
3 years ago
Why were the Christians persecuted in Rome?
kramer
There was a major fire when "king" Nero ruled in this point in time. People blamed the fire of the Christians and then a whole bunch of tension broke out! 
8 0
3 years ago
Renting provides ________ flexibility but can lead to ________ costs in the long-term. everfi
Hitman42 [59]
Renting can offer increased flexibility in many situations. To rent may require less of a down payment and less credit would be needed. However, in the long term, renting is much more bleaker. Renting can prove to lead to higher costs in the long run. After years and years of renting, a tenant will never own their home. On the other hand, the home owner will pay more monthly, but will eventually own their home.
 
8 0
3 years ago
In a study involving stress among college students, a group of seniors are asked to complete a stress survey. After a two-hour s
ira [324]
To see how well people cope with stress
4 0
2 years ago
Why do foreign people visit national heritage of nepal? In 4 points. ​
VladimirAG [237]

Answer:

Nepal is a country of contrasts. Spectacular natural riches combine with a vibrant culture and sense of history. that might be one of the reasons foreign people visit.

6 0
2 years ago
Other questions:
  • Corporate culture ________.
    5·1 answer
  • A court-ordered ______________ was imposed on Fairlawn City employees who worked on the city's streets and bridges. Although the
    14·1 answer
  • Consider how changes in the importance of different agents of socialization might occur over time within a society. For each of
    13·1 answer
  • What is one result of the us-colombia free trade agreement?
    6·1 answer
  • Why do you think the Romans allowed people to worship their own gods
    12·2 answers
  • Why was land travel very difficult in ancient Geece?
    12·1 answer
  • Suppose the light switch is on but you remove the light bulb. Is the circuit complete?
    9·1 answer
  • Read the following excerpt from The Jungle Book by Rudyard Kipling.
    12·1 answer
  • What do Arkansans Grider, Davis, Kindley, and Miller have in common?
    5·1 answer
  • What is the theme in chapter 16 of the summer of the mariopsas
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!