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Why commodity money was changed over the years?? 3 reasons please​
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Why commodity money was changed over the years?? 3 reasons please​

User Some Newbie
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Answer:

Because commodity money has an intrinsic value apart from that which it obtains by being a medium of exchange, its relative price will not be zero. Thus, in a commodity money economy, the value of money (the inverse of the price level) is bounded away from zero.

User Kevin Brown
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