Commodity Money Is a Good

question 206

Multiple Choice

Commodity money is a good

• A)used as money that has no secondary use.
• B)that is designated as money by law.
• C)used as money that also has value independent of its use as money.
• D)used as money that has no intrinsic value.

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Definitions:

US Exports

Goods or services sold by the United States to buyers in other countries.

Foreigners

Individuals who come from a different country or nation than the one being referred to.

Carry Trade

A financial strategy that involves borrowing at a low interest rate and investing in an asset that provides a higher rate of return.

Interest Rates

Interest rates represent the cost of borrowing money or the return on invested funds, expressed as a percentage of the principal.