Multiple Select QuestionSelect all that applyWhich of the following are examples of a commodity money?Multiple select question.RocksCigarettesBeadsGold
Question
Multiple Select QuestionSelect all that applyWhich of the following are examples of a commodity money?Multiple select question.RocksCigarettesBeadsGold
Solution
The examples of commodity money from the options provided are:
- Cigarettes
- Gold
Commodity money is a type of good that functions as currency. In this system, the objects that act as money have intrinsic value. This is in contrast to representative money, which has no intrinsic value and only represents a claim on a commodity. For example, gold and cigarettes have been used as commodity money because they have their own value independent of their use as money.
Similar Questions
Multiple Select QuestionSelect all that applyWhat are three important functions of money?Multiple select question.Presentation mechanismShow of powerMedium of exchangeStore of valueMeasure of value
Multiple Select QuestionSelect all that applyIn present times, which of the following constitutes a form of money?Multiple select question.Coinsnotes (paper money)Government bondChequing deposit
Multiple Select QuestionSelect all that applyWhich of the following are examples of price?Multiple select question.union duesinsurance premiumscash savingsschool tuition
Multiple Select QuestionSelect all that applyWhich of the following are budgets used by a service company:Multiple select question.CashCapital expendituresDirect materialsDirect laborSalesProduction
Multiple Select QuestionSelect all that applyBusinesses are most likely to spend borrowed loanable funds on which of the following?Multiple select question.WagesWarehousesMachinerySecurities
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.