Commodity Money Is Money That

question 55

Multiple Choice

Commodity money is money that:

• A)has no value as a commodity.
• B)is not backed by gold or silver and is not a legal tender.
• C)may go out of circulation with an increase in its intrinsic value.
• D)always has a face value greater than the intrinsic value.
• E)is solely used in barter exchanges.

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