Commodity-Backed Money Is a Medium of Exchange with No Intrinsic

question 4

True/False

Commodity-backed money is a medium of exchange with no intrinsic value, whose ultimate value is guaranteed by a promise that it can be converted to valuable goods.

---

Definitions:

Urinary Bladder

An organ that stores urine produced by the kidneys before it is expelled from the body.

Ureter

A tube that carries urine from the kidneys to the bladder for storage until elimination.

Urethra

The duct through which urine exits the body from the urinary bladder, and in males, also conveys semen during ejaculation.

Renal Pelvis

The central part of the kidney where urine collects before moving into the ureter and then the bladder.