[Answer] what gives commodity money its value?

Answer: the type of material with which it is made

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what gives commodity money its value? Commodity money - Wikipedia Commodity currency - Wikipedia What are some examples of commodity money? - Quora What is Commodity Money? Definition and meaning ... Start studying Money . Learn vocabulary terms and more with flashcards games and other study tools. Search. ... Its changing value relative to other currencies. ... What gives commodity money its value ? The type of material with which it is made. YOU MIGHT ALSO LIKE... Grade 6 Academic Vocabulary | Knowsys Level 6 Guide. Knowsys. $12.99. Wed May 23 2018 · Commodity money is money that can be defined by the value of any commodity . It is the oldest form of money. Commodity money is treated as a means of exchange for purchasing and selling of products. Commodity money has its intrinsic value which means if the commodity has no value but it can be used as a means of exchange. Some of the examples of commodity money are gold silver … Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects having value or use in themselves (intrinsic value) as well as their value in buying goods. This is in contrast to representative money which has little or no intrinsic value but represents something of value and fiat money which has value only because it has been established as money by government regulation. Examples of commodities that have been used as media of exchange include Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects having value or use in themselves (intrinsic value) as well as their value in buying goods. This is in contrast to representative money which has little or no intrinsic value but represents something of value and fiat money which has value only because it has been established as money by government regulation. Examples of commodities that have been used as media of exchange include gold silver copper salt peppercorns tea decorated belts shells alcohol cigarettes cannabis silk candy nails cocoa beans cowries and barley. Several types of commodity money were sometimes used together with fixed relative values in various commodity valuation or price system economies. Fri Oct 11 2019 · Commodity money is a form of money that has an intrinsic value meaning it is worth something in its own right rather than simply being a token of financial value such as a banknote . The best known form is gold or silver coins though any commodity can fulfill this role. Most types of cash used today do not have any real intrinsic value. Commodity money is that type of money that possesses intrinsic value on its own independent of any governing body . This means the money itself contains its own worth. It is not merely a token or representative of financial value as with bank notes or numbers on a computer screen and in a ledger. The longest reigning and best loved form of commodity money remains gold ...

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