What Is a Commodity Standard

question 43

Multiple Choice

What is a commodity standard?

• A)A widely accepted model for the production of goods.
• B)An agreement on trade that sets the standard for the exchange of goods.
• C)When a government uses a paper currency whose value is close to a universal standard unit.
• D)When a government uses a good with a value of its own as the basic measure of trade.
• E)When governments use a good with a value of its own as the basic underlying monetary unit.