78.2k views
5 votes
Objects that have value in themselves and that are also used as money is the definition for _____.

a. commodity money
b. representative money
c. fiat money
d. money

User Chizoba
by
7.2k points

2 Answers

2 votes
   Objects that have value in themselves and that are also used as money is the definition for  commodity money. Hope this helped :)
User Marcus Jones
by
7.6k points
6 votes

Answer: The correct answer for the blank is- a. commodity money.


Commodity money can be described as a form of currency, which has an intrinsic value ( that is value of its own) as well as value (in the form of money) in their use.

For Example- gold, silver, grains serve as commodity money.

User Rharriso
by
7.6k points