Which of the Following Statements Correctly Differentiates Between Commodity Money

question 64

Multiple Choice

Which of the following statements correctly differentiates between commodity money and fiat money?

• A)Commodity money is created by the government while fiat money is created in the private sector.
• B)Fiat money is created by the government while commodity money is created by the government.
• C)Commodity money can be used for transactions in the international market, while fiat money cannot be used for transactions in the international market.
• D)Fiat money has value decreed by the government, while commodity money is valued because of the material it is made of.

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