Examlex
Which of the following statements is true of a direct primary?
Medium Of Exchange
A medium of exchange is an intermediary instrument used to facilitate the sale, purchase, or trade of goods between parties.
Commodity Money
Money that has intrinsic value because it is made of materials that hold value, like gold or silver.
Fiat Money
Currency that a government has declared to be legal tender, despite it having no intrinsic value and not being backed by physical commodities.
Intrinsic Value
The inherent worth of an asset, independent of its market price, often based on what is fundamentally valuable about the asset.
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