Question

Commodity money A. has little to no value independent of its use as money. B. is backed by a valuable commodity such as gold. C. can be used to purchase​ commodities, but not services. D. has value independent of its use as money.

Answer 1

B. Is backed by a valuable commodity such as gold.

Step-by-step explanation:

A commodity is something valuable which can be bough or sold, such as Gold, copper, oil,silver etc.

Hence, the commodity money is something which is backed by that valuable commodity which is being purchased or invested in such as Gold, silver or oil.

Thankyou.

Hope this helps.