Which Type of Money Has Intrinsic Value

question 41

Multiple Choice

Which type of money has intrinsic value?

• A)commodity money
• B)fiat money
• C)both commodity money and fiat money
• D)neither commodity money nor fiat money

---

Definitions:

Service Industries

Sectors of the economy that provide intangible goods or services to consumers, such as healthcare, banking, and education.

Extractive Industries

Industries, such as mining, oil drilling, and logging, that remove natural resources from the earth, often with significant environmental impact.

Knowledge-Based Economy

A knowledge-based economy is an economy where growth is primarily derived from the quantity, quality, and accessibility of the information available, rather than physical inputs or natural resources.

Six Sigma Certification

A designation indicating that someone has been trained on the Six Sigma principles and techniques for process improvement and quality management.